BTC Update:
Once again BTC is hovering in between the support and resistance trendline. This situation in BTC makes it challenging to analyze where the market will be heading next. Trend-wise, BTC should drop close to $21.9k and then bounce back but the way BTC is trying to hold the
23K support level, we may witness a rally back to 
25K+.
In this kinda market situation, you step aside and wait or you take your chances. For me, I am taking my chances with close SLs.
Thank you for reading. Trade safely.
Once again BTC is hovering in between the support and resistance trendline. This situation in BTC makes it challenging to analyze where the market will be heading next. Trend-wise, BTC should drop close to $21.9k and then bounce back but the way BTC is trying to hold the
23K support level, we may witness a rally back to 25K+. In this kinda market situation, you step aside and wait or you take your chances. For me, I am taking my chances with close SLs.
Thank you for reading. Trade safely.
Note
BTC is close to the support range. This looks interesting.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.