BTCUSDT 4H | Bitcoin price overview: Flat continuation
Three days after the last review of the bitcoin market, our expectations were confirmed, the price of bitcoin entered the wide flat - $9,350-$9,850.
Sellers pressed the price to $9,350, buyers responded with a quick buyback of $9,800, but no one was able to push the attack. In the current situation, it is not possible to say exactly about the future direction of the price, but only to continue to monitor its movement. It is unreasonable to have a big position in one direction or another. A common trading strategy during the flat is to buy from the lower border of the range, in our case it is $9,300-$9,350. In this case, it is necessary to have a short stop, in order not to get large losses if the price breaks down.
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Sellers pressed the price to $9,350, buyers responded with a quick buyback of $9,800, but no one was able to push the attack. In the current situation, it is not possible to say exactly about the future direction of the price, but only to continue to monitor its movement. It is unreasonable to have a big position in one direction or another. A common trading strategy during the flat is to buy from the lower border of the range, in our case it is $9,300-$9,350. In this case, it is necessary to have a short stop, in order not to get large losses if the price breaks down.
Subscribe to the channel and stay with us!
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