5-Day Supertrend might turn to Red – Pivot at $90K Holds the Key
🚨 5-Day Supertrend Alert: Potential Bearish Shift Ahead! 🚨
As a swing/long-term Bitcoin trader, I’m closely monitoring the 5-day Supertrend indicator. It’s nearing a bearish flip (turning red) 📉.
The pivotal level is 90K: if Bitcoin loses this, a drop toward 76K support becomes likely. Below 76K, we’ll need to reassess the cycle’s health.
For now, caution is key. A confirmed red Supertrend and a close under 90K would signal a deeper correction.
If the price holds 90K and the indicator reverses to green, bullish momentum could resume.
Stay vigilant and manage your risk accordingly! #Bitcoin #CryptoTrading #MarketAnalysis
As a swing/long-term Bitcoin trader, I’m closely monitoring the 5-day Supertrend indicator. It’s nearing a bearish flip (turning red) 📉.
The pivotal level is 90K: if Bitcoin loses this, a drop toward 76K support becomes likely. Below 76K, we’ll need to reassess the cycle’s health.
For now, caution is key. A confirmed red Supertrend and a close under 90K would signal a deeper correction.
If the price holds 90K and the indicator reverses to green, bullish momentum could resume.
Stay vigilant and manage your risk accordingly! #Bitcoin #CryptoTrading #MarketAnalysis
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.