Greetings friends,
1. $$BTC Update:
👉 Bitcoin has hit resistance for the sixth time.
👉 Currently trading above $69,000, the highest price in 2021.
👉 If we hold this level, the price may go higher!
2. Resistance Zone:
👉 The 70K70.6K area faces resistance.
👉 For short positions, this area provides good risk opportunities.
👉 Consider invalidation when H4 closes above $70,600.
3. Profitable Opportunities:
👉 I bid $68,100 to buy long orders.
👉 This level may be favorable for a rebound.
4. Key Trading Principles:
👉 The trend is your friend! Follow it:
👉 Bullish trend: Buy on dips and relax.
👉 Bearish trend: Wait for a pullback before opening a position.
5. Market Sentiment:
👉 The Fear and Greed Index is outdated.
👉 Use ETF data to more accurately measure market sentiment.
Stay sharp and trade smart!