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🪙💡Bitcoin tests the support at around 64000 points. This should result in an upward reaction, with a breakthrough below 64000 points triggering a sell signal. The short-term momentum for the currency is strongly positive, with an RSI of over 70. This suggests increasing optimism among investors and further upward momentum for Bitcoin. However, particularly with large stocks, a high RSI can be a sign that the stock is overbought and there is a risk of a downward reaction. In the short term, the currency is generally considered technically neutral.
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Ripple has broken through the upper line of a downtrend channel. Therefore, a weaker price decline than originally expected is to be expected, or the beginning of a sideways development. The currency is approaching the support at about 0.54 points, which could lead to an upward reaction. However, a breakthrough below 0.54 points would be a sell signal.
This is not investment advice.
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