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BTCUSD $33,000 Must Hold

Bitcoin has started the week with a neutral bias as the short-term outlook for the top cryptocurrency still remains largely uncertain. The daily time frame shows that a bullish breakout from a falling price channel remains valid while the BTCUSD pair holds above the $33,000 level. Bulls could take aim at the $35,900 resistance zone if the price holds above the $33,000 level this week.

The BTCUSD pair is only bullish while trading above the $33,000 level, key resistance is found at the $35,900 and the $38,300 levels.

If the BTCUSD pair trades below the $33,000 level, sellers may test the $32,100 and $31,000 levels.

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it.

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