$BTC Analysis Updates (trading ideas)
$BTC has been falling again and again in the past two days. Yesterday, the price of BTC has stopped at around 58969, a very long candle with long legs. This shows that there is a 75% chance that BTC does not want to go down for the time being.
It did turn around and rise. So, I marked what I think is its near-term target price, and the first target may be around 61547. If it can reverse the trend there, then BTC has a chance to turn back to an upward trend and stand above the 200ema, then the next target price may be around 62708.
If the situation is not satisfactory, BTC may temporarily fall to around 58100ïŒwhich is temporary bottom line.
I marked all the key prices on the chart, and it may take several hours to achieve these targets.
I hope my analysis can help you with your trading analysis.
happy trading everyone.
chat soon
