BTCUSD in an unpredictaple area.
After the ATH on bitcoin bears took the lead. With a stable selloff and a 5K drop yesterday, the DXY breakout from its uptrend, BTC is dangerous to trade in the next few days.
"The long-term trend in BTC fundamentals and on-chain remain bullish.
Accumulating BTC at current levels of 54.6K and especially between 53K to 50K might be favorable, considering older coins and miners are not selling aggressively."
So I put on my chart 2 possible entering points, either Buy or Sell. As long as the price stays in the white area, there is no good idea to open new positions.
"The long-term trend in BTC fundamentals and on-chain remain bullish.
Accumulating BTC at current levels of 54.6K and especially between 53K to 50K might be favorable, considering older coins and miners are not selling aggressively."
So I put on my chart 2 possible entering points, either Buy or Sell. As long as the price stays in the white area, there is no good idea to open new positions.
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