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So without further due. Keep it short/simple and to the point.
BTCUSD daily best level to BUY/SELL (NEW) IMPORTANT: this is a speculative setup, pefrormace is not guaranteed, so please use a tight stop loss. Tagged as LONG, because I expect more upside before reversal for 5 000 USD.
BTCUSD got a nice bounce off the sliding TL on daily, so 4500-5500 looks like an interim bottom for bitcoin. Currently, I expect mild/further upside, capped by 7400 USD, which is 50% of the previous swing.
Strategy bears: short from 7 400 USD using tight stop TP is 5 000 USD
Strategy bulls: (riskier) buy at market now exit at 7400. (lower risk) buy near 5 000 USD upon re-test later. could be nice buy and hold setup for a re-test/touch of 10 000 USD later.
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