BTC has gradually raised its lows and is steadily raising its price, temporarily breaking above the hot line of $ 10,500. However, due to the rebound from that point, the situation is now down to around $ 10,300.
There is a short-term moving average (20MA) in the current price range, and it is important to see if it is supported by this moving average.
The next thing to be aware of is the $ 10,200 horizon. Here, in the latest market price, support and resistance are repeated and conscious.
If the price is lowered to this level, it is expected that long players will enter the market, so I would like to fight with a long strategy that assumes a reduction to this price range.
On the other hand, if it falls below $ 10,200, it is expected that the market consciousness will suddenly decline by falling below the latest low.
I would like to prepare multiple scenarios and strategies so that all price movements can be kept within the expected range by constructing a strategy that assumes both the top and bottom.
There is a short-term moving average (20MA) in the current price range, and it is important to see if it is supported by this moving average.
The next thing to be aware of is the $ 10,200 horizon. Here, in the latest market price, support and resistance are repeated and conscious.
If the price is lowered to this level, it is expected that long players will enter the market, so I would like to fight with a long strategy that assumes a reduction to this price range.
On the other hand, if it falls below $ 10,200, it is expected that the market consciousness will suddenly decline by falling below the latest low.
I would like to prepare multiple scenarios and strategies so that all price movements can be kept within the expected range by constructing a strategy that assumes both the top and bottom.
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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.