BTC experienced a sharp short-term decline, breaking lower; however, the downward momentum has significantly slowed. Importantly, the recent pullback has not disrupted the broader upward consolidation structure, with the 84500-83500 zone continuing to provide strong support.
Once the bearish sentiment fully subsides, I anticipate a relief rally or a technical rebound. Therefore, this pullback could present an excellent opportunity to go long on BTC.
Consider entering long positions around the 84500-83500 support zone, targeting an initial upside move toward the 86000-86500 range.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Once the bearish sentiment fully subsides, I anticipate a relief rally or a technical rebound. Therefore, this pullback could present an excellent opportunity to go long on BTC.
Consider entering long positions around the 84500-83500 support zone, targeting an initial upside move toward the 86000-86500 range.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Trade active
During multiple tests, BTC failed to fall below the 84500-83500 area support, which is effective, and has rebounded above 85000, and our long positions have begun to make profits. Have you followed my trading strategy to go long on BTC?The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
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.
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.