π₯ BTC UPDATE 10/08 β LONG BIAS, BUT DON'T FOMO
On the H1 timeframe, BTC is still maintaining a bullish structure with higher lows. However, strong short-term profit-taking pressure is emerging as BTC continues to face rejection around the 65.2Kβ65.5K resistance zone.
More importantly, on M15/M30, BTC experienced a sharp shakeout from 65.4K down to 64.8K, followed by strong buying pressure that pushed the price back toward 64.9K. This suggests that the 64.8K area is attracting significant buying interest.
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