BTC wait for Long entry
BTC has broken above its weekly trendline resistance, although prices remain below the monthly resistance level. Trading in this range is challenging and requires quick adaptation to shifts in market sentiment, driven by political factors (such as the U.S. election and global conflicts) and macroeconomic conditions (like the Federal Reserve's stance on rate cuts).
In the short term, on the 8-hour timeframe, BTC appears to be moving within an ascending channel.
I'm considering a long setup based on the chart, with:
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
In the short term, on the 8-hour timeframe, BTC appears to be moving within an ascending channel.
I'm considering a long setup based on the chart, with:
- Entry: Around $65,000
- Invalidation: Daily close below $63,000
- Take Profit:
* TP1 at $76,500
* TP2 at $84,000
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.