#BTC☀
BTC is currently trading within a range between 85K and 90K. It has already tapped into a FVG [Demand Zone] and made a good move to the upside, but it couldn’t break the All-Time High (ATH).
At the moment, according to the 1-hour timeframe, BTC has broken out of a downward channel to the upside, which is a bullish sign for BTC. However, if we look at confirmations, currently there is more selling volume in BTC, and the EMA is also positioned above the candles. So technically, there isn’t a clear long signal.
For Entry:
If BTC closes a 1-hour candle above 87800, we can consider a long position with a target up to the ATH (90K). However, if BTC doesn’t close above the EMA, we can plan a short entry with a target toward the lower FVG [82663 - 83900].
PUBLISHED BY: [ FLASHTICKS ] ✍🏻