BitcoinLong
Bitcoin - Short Term Long Opportunity DCA Range
In early June I called this [green] level as a potential downside target. Now Bitcoin is landing on a confluence of:
~bull market support (20w SMA)
~diagonal support extending from Jan-24
~the next value range along 64.4k
This might be LTF long opportunity. Definitely a good time to scoop up a little more spot if you are DCA'ing, like me. Still, I don't think we're ready for a big upside move [yet]. The most likely scenario is a little more sideways on higher timeframes.. so don't get greedy if you do take a position, risk management is key.
~bull market support (20w SMA)
~diagonal support extending from Jan-24
~the next value range along 64.4k
This might be LTF long opportunity. Definitely a good time to scoop up a little more spot if you are DCA'ing, like me. Still, I don't think we're ready for a big upside move [yet]. The most likely scenario is a little more sideways on higher timeframes.. so don't get greedy if you do take a position, risk management is key.
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