Bitcoin MidTerm and LongTerm Analysis
Updated
Finally, bitcoin broke its range and showed some life about it.
According to HVP and momentum, probably bitcoin creates a range between $10500 and $11500. A Bullish Range for preparing for higher tests.
If a 4H candle closes below $10500, it could test $10200. and if that breaks, it could test $9900~$10000. this 10k is a pivot level. So as long as bitcoin is above $9900~$10000, it is bullish and this breakage is not a trap.
According to HVP and momentum, probably bitcoin creates a range between $10500 and $11500. A Bullish Range for preparing for higher tests.
If a 4H candle closes below $10500, it could test $10200. and if that breaks, it could test $9900~$10000. this 10k is a pivot level. So as long as bitcoin is above $9900~$10000, it is bullish and this breakage is not a trap.
Comment
As long as BTC is above 11500, It is bullish for higher levels test.And for the Macro Level change of behavior, we can get the $10800 breakage.
Without Risk and Position Management, You WILL Lose Money.
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