On the daily chart of Bitcoin we can see oversold RSI ( nearly 30).One bounce back accepted from here. On hourly time frame we see dynamic resistance. If it brake then upside possible, confirmation above 38900.45500 to 47000 this price range acted as support,now it becomes resistance for price. So we can book profit around that price range.
Strategy ::
Buy above:38900
If price correct buy more @ 37300-37000
SL:34500
Target:42500/45500-47000
Educational purpose only.
Consult your financial advisor before taking any action.