CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

76.09% of retail investor accounts lose money when trading CFDs with this provider.

BTC Thoughts and Analysis | Crypto | Bitcoin

Published: 06.09.2023
by Joseph Jeffriess

Today’s focus: Bitcoin

Pattern – Range test
Support – 25,600 – 25,280
Resistance – 26,080 – 27,630

Today, we have run over Bitcoin. We have broken down the current price action with our thoughts on what we see over the longer-term and short-term price structure.

Sellers have continued to push at buyers in the short term after buyers made a quick push higher last week. Industry news continues to dominate the momentum, with the USD presently not having such a big impact. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers trying to make a new test lower?

Have a great day and good trading.

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