H1 timeframe
After the breakout of $28xxx resistance, price continues to rise.
As my previous analysis, $28xxx resistance is quite weak, the high rate of BTC will breakout because it is currently in a mid-long-term uptrend.
$28xxx turned into short-term support.
Price forms Running Flat, creating a short-term upside momentum for BTC, targeting around $31000.
Stop loss $27500, If BTC closes a red candle below this support, there will be a strong correction.
Note:
I said in the previous update, all positions after $18xxx and $24xxx are short trade positions, you should actively take profits, BTC can crash strongly any time, that is a good position to buy.
After the breakout of $28xxx resistance, price continues to rise.
As my previous analysis, $28xxx resistance is quite weak, the high rate of BTC will breakout because it is currently in a mid-long-term uptrend.
$28xxx turned into short-term support.
Price forms Running Flat, creating a short-term upside momentum for BTC, targeting around $31000.
Stop loss $27500, If BTC closes a red candle below this support, there will be a strong correction.
Note:
I said in the previous update, all positions after $18xxx and $24xxx are short trade positions, you should actively take profits, BTC can crash strongly any time, that is a good position to buy.
