Current Status:
Bitcoin is currently trading around $62,750. After reaching the long target on the 7th, Let's take a look at
Day 8 Goal:
- Short Zone: $62,800 - $63,200
(Watch price action to determine best entry points)
- Stop Loss: $63,819
(Set stop loss at this level to manage risk if the market continues to rise)
- Take Profit:
- 1nd TP: $61,200
- 2rd TP: $60,500
Technical Analysis:
- Important resistance: $63,000 - $63,200 could be a strong resistance level, if the price fails to break through this zone, it will be a good opportunity to open a short position.
- Important Support: The support level at $61,800 - $62,000 could be a stop for the downtrend. If broken, lower levels could be considered.
Note: we will not catch longs in this support area anymore.
On this 8th day, BTC will move complicatedly, so please flow, turn on notifications or we will review in the TG chat group, I will update the situation as quickly as possible for you guys.
Right Now What do you think about the current trend of Bitcoin? Has anyone been watching the price action and got the feeling that the market is preparing for a bear market?
