BTCUSDT 4H
#BTC is accumulating between support ( $50650 level ) and resistance ( $52500 level ). We're keeping an eye on it for further developments.
But there is 2 scenarios:
1- BTC will heading toward $52500 and then to $54500 and $57545
2- BTC will test the support and then moving to $48800 and $44500. In this case $48800 is a good support.
Since Bitcoin is moving above MA50 and EMA50 on 4H timeframe. Also it is moving above middle line of Bollinger Bands, I think scenario #1 will occur(70%). So in my opinion it will attempt to break $52500 first. Let see what will happen next. I'm not advising you to short or long. You should wait until BTC break the range.
But there is 2 scenarios:
1- BTC will heading toward $52500 and then to $54500 and $57545
2- BTC will test the support and then moving to $48800 and $44500. In this case $48800 is a good support.
Since Bitcoin is moving above MA50 and EMA50 on 4H timeframe. Also it is moving above middle line of Bollinger Bands, I think scenario #1 will occur(70%). So in my opinion it will attempt to break $52500 first. Let see what will happen next. I'm not advising you to short or long. You should wait until BTC break the range.
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