BTCUSDTP MARKET UPDATE
BTC 🤔
1 Hour Time Frame
My opinion about the possible movement of Bitcoin.
Market is still in a downward trend, but with slower and gentler drops.
A new upward rally is possible only if it breaks the resistance range of 20850-21000 with full strength and can close the daily candle above this level, otherwise it will continue to be bearish.
Currently, market is in the position of shorts. Now during this period before breaking the said daily resistance, if I see a suitable position, only then I will be giving you a long or short signal. If you are trading by yourself please long only if we can break the local resistance (red box) in the 4-hour candle.
1 Hour Time Frame
My opinion about the possible movement of Bitcoin.
Market is still in a downward trend, but with slower and gentler drops.
A new upward rally is possible only if it breaks the resistance range of 20850-21000 with full strength and can close the daily candle above this level, otherwise it will continue to be bearish.
Currently, market is in the position of shorts. Now during this period before breaking the said daily resistance, if I see a suitable position, only then I will be giving you a long or short signal. If you are trading by yourself please long only if we can break the local resistance (red box) in the 4-hour candle.
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