Analysis of Support And Resistance
Combining fibonacci retracement levels and recent lowest bottoms , currently there are 3 support levels including $49300, $48000, $46500, and obvisously $51000 is still a strong resistance.
I will add long position at support zone and close part of my long position near resistance zone.
And it's ok to short BTC at $51000 but not for long, considering the bullish market background.
Watch out fake breaks.
Not Financial Advice :)
I will add long position at support zone and close part of my long position near resistance zone.
And it's ok to short BTC at $51000 but not for long, considering the bullish market background.
Watch out fake breaks.
Not Financial Advice :)
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