Overall, nothing is happening globally, we have been trading within the MDB of May 21 and we continue to do so - the market has been particularly boring for the last two weeks😐
As for the local outlook, either through liquidity removal around the $65,300 level, or immediately - it makes sense to expect #BTC to drop to the $62,581 and $61,646 levels, where we will try to gain a small position on the rebound.
Trade active
Targets on BTC from the local review of August 26 have been achieved - the price reached both the level of 62,581 and $61,646 (the level of 200% of the blue model).
As we planned on Monday, we gained a small position in this range. We will look at the targets as we move - there is a very high level of determination.
In case the price goes down and the position is taken out by the stop, we will look for a new entry point, but with a more significant amount.
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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.