BTC MARKET COMMENTARY April 5
- Frame D (day): After the first 2 days of the market's fiery month, BTC had a recovery rhythm when the price returned to test ema 34, the price leveled off and rebounded to 3k, closing yesterday's candle reaching the mark. 69k2 withdraw beard
- H4 frame: The candles in turn are supported on the 200 ema band. Although the price has continuously withdrawn at 66k5, the price has broken through and moved straight to the 67k7 mark. ema 34 89 and going straight to touch 69k, and there is a rhythm of retesting ema 34 89
=> Currently, the price is stagnant in the middle, a clear trend has not been determined, so there will be 2 main plans:
+ Plan 1: You watch BTC rebound to around 66k5 to fill the imbalance area, touch ema 200 and then enter a long scalp order, TP 70K5 SL 64K3
+ Plan 2: In case BTC goes straight up to 70k5, touching the upper border of the wedge, we will consider the price reaction and make a scalp short order SL 71K7 TP around 66k5
While BTC is sideways like this, I switched to long ALTcoin with some recent hot systems to optimize my capital flow.
WISH YOU GOOD LUCK IN TRADING!!
