Pulling back to the broken ascending trendline
In our previous analysis, we mentioned that we expected Bitcoin to touch its support level, and this indeed happened.
Bitcoin is currently trading between $67,000 and $71,000 and is pulling back to the broken ascending trendline. In our opinion, it's best to wait until Bitcoin breaks above $72,000 before expecting "strong" growth.
While the market is in this corrective wave, focus on scalping and small swing trading opportunities.
Avoid rushing into high-volume trades and make decisions with greater caution.
Bitcoin is currently trading between $67,000 and $71,000 and is pulling back to the broken ascending trendline. In our opinion, it's best to wait until Bitcoin breaks above $72,000 before expecting "strong" growth.
While the market is in this corrective wave, focus on scalping and small swing trading opportunities.
Avoid rushing into high-volume trades and make decisions with greater caution.
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