BTC is confused
Updated
For the past couple of days, BTC is not making any significant movement either way. Its currently moving in this channel on 4 hour charts and if it doesnt take support from here, it can drop down to 62k to 60k. On the upside, it can move back to 66500 where it will face major resistance. My personal understanding is that it will go for a dip.
Manage your trades accordingly.
Manage your trades accordingly.
Note
As i speculated, it took support from 58k and now standing at 60k levels. This is a very key support. Any further downside will bring it down to 57k initially and then 54500 and 52k.
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