Despite the pop today, BTC still hasn't broken through the resistance necessary to transition into a support zone. Be careful until the SMA(200) or SMA(20) hold. Keep an eye on the 4-hour chart for emerging trends.
Note
A close above the SMA(200) looks very promising. Keep your stops close, but cautiously optimistic.
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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.