Btc Update 28 May 2022

 05/27/2022 

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Market Analysis

May 27, 2021

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🐠TECHNICAL (4H)

With BTC trading at its most critical point in months, and no volume from either buyers or sellers to be seen on lower time frames, we're waiting on the sidelines for a confirmation of our next big move, which shouldn't take longer than 2-3 days judging by our current market conditions.


🐠SENTIMENT

Sentiment has dropped considerable over the last 24 hours (mainly on lower time frames) due to BTC's price action flirting with the most decisive support level we've has in over a year. If this does break down, we could see a much longer term bear market than we ,  here's inherently a higher risk in taking positions with our current market conditions, however, long term holds remain safe and we can expect to see a couple of alts pop in the next couple of days regardless of BTC's price action, mostly due to expected news and special announcements.


#BTC DAILY RANGE: 

📈Upper Limit: 31,726

📉Lower Limit: 26,064

(+-15% based on moving average volatility open/end points)


🐟SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🧭LONG

$24,250

📡SHORT

$36,431

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