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Daily Analysis By FXGlory
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[QUOTE="FXGlory Ltd, post: 341079, member: 106971"] [B]BTCUSD analysis for 21.03.2024 [ATTACH type="full"]60443[/ATTACH] Time Zone: GMT +2 Time Frame: 4 Hours (H4)[/B] The BTCUSD pairing, as observed on the 4-hour chart for March 21, 2024, suggests a bullish momentum is in play. The sequence of increasing lows and highs points towards a positive shift in market dynamics, indicating a rebound from previous downtrends. The intricate balance between Bitcoin’s adoption and technological updates, along with economic policies affecting the USD, are central to its valuation against the dollar. Technical insights reveal bullish signs, with the MACD diverging positively and the RSI hinting at further potential for price appreciation. A significant resistance is identified near the 50% Fibonacci retracement level, with support firmly established at the latest low, mirroring the 0% Fibonacci threshold. [B]Disclaimer[/B]: This analysis is for informational purposes only and should not be taken as investment advice. It's crucial for traders to conduct their own research and consider their risk tolerance before trading. [B] Explore in-depth market insights and strategic trading tips by visiting fxglory.com FXGlory 21.03.2024 [ATTACH type="full" width="959px"]60444[/ATTACH][/B] [/QUOTE]
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