BTC is looking healthy
BTC made a beautiful leg-up this morning. It is now trading at the 18k2 zone, waiting for the CPI news in 12 hours or any signal, any piece of news, any catalyst to break this resistance.
In my opinion, the situation is pretty bullish. Buy volume is coming back to the market. But you still need to be careful with your trade. We can wait for the CPI news or any signal of a confirmed break out before we enter a trade.
BTC Dominance is also rising again, so do not FOMO on any coin at the moment.
For short-term traders, you can find your LONG entry at around 17k8 and Short entry at 18k5 (in case BTC cannot break out).
We advise only Trading Spot at this time. We might see a flash dump before Lunar New Year when Chinese and Asia Investors cash out. You can buy a small portion of BTC now and buy more when the wick hits 12k.
As always, remember to trade at your own risk, and never risk more than you can afford to lose.
In my opinion, the situation is pretty bullish. Buy volume is coming back to the market. But you still need to be careful with your trade. We can wait for the CPI news or any signal of a confirmed break out before we enter a trade.
BTC Dominance is also rising again, so do not FOMO on any coin at the moment.
For short-term traders, you can find your LONG entry at around 17k8 and Short entry at 18k5 (in case BTC cannot break out).
We advise only Trading Spot at this time. We might see a flash dump before Lunar New Year when Chinese and Asia Investors cash out. You can buy a small portion of BTC now and buy more when the wick hits 12k.
As always, remember to trade at your own risk, and never risk more than you can afford to lose.
Follow us here on TradingView for daily updates and trade ideas on the cryptocurrency market.
Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
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.