BTC has not stopped its rising momentum.
Due to the sharp rise in the Nikkei and the link with the US stock market, the market seems to be easy to raise recently.
The most recent awareness line is $ 16,000. If you leave here, the next conscious line is $ 17,200.
Therefore, we should make a long-aware strategy in the near future and think that the loss cut line should be set around $ 15,300.
However, there is no doubt that it is a superheated market, and if it rises to $ 17,200, it could be a big adjustment.
Since the RSI also suggests that it is overbought, it is necessary to carry out thorough risk management, such as cutting losses and making profits according to the strategy.
Due to the sharp rise in the Nikkei and the link with the US stock market, the market seems to be easy to raise recently.
The most recent awareness line is $ 16,000. If you leave here, the next conscious line is $ 17,200.
Therefore, we should make a long-aware strategy in the near future and think that the loss cut line should be set around $ 15,300.
However, there is no doubt that it is a superheated market, and if it rises to $ 17,200, it could be a big adjustment.
Since the RSI also suggests that it is overbought, it is necessary to carry out thorough risk management, such as cutting losses and making profits according to the strategy.
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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.
Related publications
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.