Bitcoin has been in a trading range all month. But the lower level of the range, which acted as support, could not withstand the sellers' onslaught. As a result, we got a strong decrease of the whole market.
In previous ideas, we noted that bitcoin constantly made re-low its lows.
All in all, this scenario almost came to fruition. But there are two key levels, 42K and 39.6K, where a lot of liquidity is concentrated and where the price is likely to go. A false breakout of these levels would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
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.