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03.02.202310:54 Forex Analysis & Reviews: BTC update for February 03,.2023 - Support zone is on the test

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Technical analysis:

BTC/USD has been trading downside this morning and I found that support zone at the price of $23.300 is on the test.

Trading recommendation:

Due to the strong upside long term trend in the background and test of the support, I see potential for the upside rotation today.

Watch for the potential buying opportunities with the upside objective at $23.890.

Slow Stochastic oscillator is showing fresh upside momentum , which is strong sign that buyers are in control.

Key support is set at the price of $23.250

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