BITCOIN: HOVERING IN BETWEEN.
BTC Update:
Once again BTC is hovering in between the support and resistance trendline. This situation in BTC makes it challenging to analyze where the market will be heading next. Trend-wise, BTC should drop close to $21.9k and then bounce back but the way BTC is trying to hold the $23k support level, we may witness a rally back to $25k+.
In this kinda market situation, you step aside and wait or you take your chances. For me, I am taking my chances with close SLs.
Thank you for reading. Trade safely.
Once again BTC is hovering in between the support and resistance trendline. This situation in BTC makes it challenging to analyze where the market will be heading next. Trend-wise, BTC should drop close to $21.9k and then bounce back but the way BTC is trying to hold the $23k support level, we may witness a rally back to $25k+.
In this kinda market situation, you step aside and wait or you take your chances. For me, I am taking my chances with close SLs.
Thank you for reading. Trade safely.
BTC is close to the support range. This looks interesting.