I am not a day trader, so I stick to simple Daily Charts. Given the current conditions surrounding the USD and equity markets, there should be one last opportunity to buy BTC at lower prices in the back half of the year before the next Halving Cycle.
Yes, buying sub $20,000 was the best move to make, but that doesn't mean great returns can't be made from here as well. The green bubble is where I think buying makes sense.
Buying range: Sub $27,000 - $21,200
Should $21,200 not hold, then a dive to $12,000 could occur, but I do not see BTC going below $20,000 again.
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.