FX.co ★ BTC update for February 07,.2023 - Rejection or breakout of trading range

Technical analysis:

BTC/USD has been trading sideways at the price of $22.900. Watch for potential rejection or the breakout ot he downside.

Trading recommendation:

In case of the rejection of the support zone at $22.400, watch for buying opportunities with the upside objective at $24.000

In case of the breakout of the support at $22.400, watch for selling opportunities with the downside objective at $20.500

Higher time-frame trend is bullish.,...