$BTC - Price update: [NEUTRAL ZONE DAILY]
๐ถThe price remain neutral on the daily view & the 64 200$ level is acting as key resistance! โ ๏ธ
๐ถThe price is currently in the 50% fib zone of the bearish channel! [Daily]โ ๏ธ
๐ถThere is no confirmed breakout in HTF. It's useless to FOMO to the purchase because you can find yourself in a big bull trap!
๐ถVolatility is likely to be high before the next big move.
The current price zone is'nt safe, and zooming on the H4 view, a corretion toward the 61 000$ is possible before another pump.
[possible setup in my H4 view]โ๏ธ๐
๐กMonitor the local uptrend. [H4]
๐ฏBig resistances to watch on:
(63 850 - 64 000) - (66 500 - 66 800$) - 69 700 - (71 800 - 72 000$)
๐ฏImportant supports:
61 500 - 60 800 - 60 000$ - - 59 200$ - 57 500$
๐กI don't feel confident buying or selling $btc inside this zone, but as long as the #bitcoin price consolidates above $59,000, it should be fine for the bulls and many #altcoins could start reacting upwards!๐
๐We're on a series of 12/12โ and I can tell you that there are much easier setups to trade on some altcoins right now :)!
