Bitcoin Short Term Outlook
Right now, as shown in Daily Timeframe, BTCUSDT is in a bullish market after retracing to 44.6K and the price bounced back in the support line. The EMA 21 cross up EMA 50, I assume the trend is bullish condition. The price most likely will continue the uptrend, with the main target is around 51k after that we will see if the resistance has price rejection and/or the divergence by the RSI, we preparing to take a short position.
if the price reject in 51k, BTC probably will be going downtrend with the main target is in 24k,
We need to find the confirmation before entering the trade to support our analysis, for example, candle pattern, RSI, or EMA crossing,
Cheers,
APS
if the price reject in 51k, BTC probably will be going downtrend with the main target is in 24k,
We need to find the confirmation before entering the trade to support our analysis, for example, candle pattern, RSI, or EMA crossing,
Cheers,
APS
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