Bitcoin is in the middle of a range in the higher timeframe, so it can either move lower from this point or rise to the top of the range. At this stage, you should make a stronger decision based on support and resistance levels in the lower timeframe, as well as the correlation between Bitcoin and Tether dominance.
So far, due to lower trading volume during the holidays, selling pressure appears to have weakened, and a sharp price drop has not occurred. **Manage your risk properly before entering a position.
So far, due to lower trading volume during the holidays, selling pressure appears to have weakened, and a sharp price drop has not occurred. **Manage your risk properly before entering a position.
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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.