I see this comment here, and have decided to share my thoughts about BTC before I finally go and sleep. I'm so sleepy guys, my eyes are half close while typing😆.
Is the 58k support really holding? Well before I will answer this question, I'd like to make myself clear, I AM 71K BULLISH with BTC. However, bumps and bruises must be welcomed as BTC paves it's way up. Yup candles will always move in zigzag. So as traders we should anticipate dips and retracement from time to time.
Okay so to answer the question, it may or may not hold long, since the 6H KDJ Oscillator is now anticipating a dive back to the 58.2k zone. Yup, the selling pressure has picked up. However, if candles will slide down further, we have a good KDJ support at 56.5k.
Right now, BTC is trading at 59.7k, it could retest the 61k-62k resistance, then go down and dive back to 58.2k. Just my theory😅.
Sorry guys I'm really tired. I'm not sure if I'm still making sense😅. Anyway if you'd like to trade BTC in spot, start DCA at 58.2k. If you're trading in futures, always long at support which is 56.5k.
FOLLOW for more.
By the way, if you're still looking for a safe low cap x1000 token checkout PITBULL.