A couple of days ago I made an analysis on Bitcoin and the potential break out of the channel.
In the end, BTC chose the bullish side and broke up through the channel resistance. However, a bullish follow-through was missing and BTC traded downward again.
BTC is currently seeing a minor reversal after testing the channel resistance as support. An aggressive approach would be to enter the market right away. I'd be more conservative and wait for a (daily) close above $61k to confirm the reversal.
Targets for the move: $62.5k and $63.5k.
Happy trading!
In the end, BTC chose the bullish side and broke up through the channel resistance. However, a bullish follow-through was missing and BTC traded downward again.
BTC is currently seeing a minor reversal after testing the channel resistance as support. An aggressive approach would be to enter the market right away. I'd be more conservative and wait for a (daily) close above $61k to confirm the reversal.
Targets for the move: $62.5k and $63.5k.
Happy trading!
Commento:
UPDATE
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
