MACRO and MICRO ranging.
Now approaching again the key level of 61.5k$ -62k$, further reinforced by alignment with the 0.5 fibonacci retracement level.
As always to possible outcomes:
#BULLISH SCENARIO 🟢
_Retest of the resistance area around $63k
_Breakout above resistance
_Retest, targeting the upper side of the range, with an initial target of $68k, followed by $72k if momentum is strong
#BEARISH SCENARIO 🔴
_Rejection at the 0.5 Fibonacci level
_Test and subsequent breakdown of the current range
_Downside targets of $51k to $47k
My Take?
Patience ⏳️
No FOMO.
No rush.
I am currently researching promising lower cap altcoin projects 👀
I’ll share my updated portfolio allocation for #altcoins soon.
What 's your plan on #bitcoin and #altcoins ?
#trading #web3
