Currently BTC is ranging with no clear trend. It's just coming back from a very strong bearish trend and looks like the market is in consolidation now. It might stay like this for a while. We can go long on BTC by entering at 39648, with our TP at 40400 and SL at 38370.
40400 is just near a good Fibonacci level and it's likely to touch that given that it has broken previous resistance
40400 is just near a good Fibonacci level and it's likely to touch that given that it has broken previous resistance
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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.