BTCUSD H1 | Falling Toward Key Support

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BTCUSD H1 | Falling Toward Key SupportBitcoinFX:BTCUSDFXCMBased on the H1 chart analysis, we can see the price falling to our buy entry level at 63,910.1, which is an overlap suppport that is slightly above the 50% Fibonacci retracement. Our stop loss is set at 63,274.1, a pullback support level that is slightly below the 61.8% Fibonacci retracement. Our take profit is set at 64,687.4, which acts as an overlap resistance. High Risk Investment Warning 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.