$BTC Daily Market Analysis: Are You Ready for Big Moves?
Our reference period is the daily K chart. I haven't posted about $BTC these few days because my views haven't changed. On the daily K chart, I am still waiting for a decline after a reaction rise. I shared my $ETH 4H analysis because $ETH looks better than $BTC in terms of short-term structure.
What Am I Expecting?
I expect the price to rise towards the lower bound of the box above and the indicators will enter the overbought zone. When these conditions occur, it will be a suitable environment for a decline strategy after the reaction rise. It may make sense to open a short position when we see signs of resistance.
My Transactions in the Recent Days:
In the meantime, I did not remain idle; I opened two short positions: one with $KAS and the other with $EGLD. I debuted with small profits.
Have a pleasant weekend, don't miss the great opportunities!