BTC has broken its short term up trend. We are finding support at 60k, however, this is very WEAK level of support. Instead I'm looking at 58k level of support, and if BTC breaks below that I will be looking at 53k.
I am simply looking for a trend to form. Once we have confirmation on the daily and 4 hour chart of an uptrend, I will look to open a long position....
BTC price is holding above a very clear line of support. If it breaks this support, then BTC will come down to test 58k and then 53k lines of support.
IMO we will have upside price action in the next few days that will break ATH and set new ATH at 84k (1.618 Fib extension). It is possible that we have resistance at 74k, but we have yet to get there!
For now,...
