BTC looks like it's forming up for a breakout in the middle of the demand zone.
While it could break down, this looks like a fairly bullish structure despite the macro news.
I'm still eyeing 14k as a bottom area but I believe we may see a run up into the weekend to 21k or so.
I'd probably 2x long it here or buy on spot and be able to cover a draw down into the 14k or 6-8k area if you want to hold it or else assume a snap below 18.8k is bad news. 18k, 14k and 9.8 k to me are potential targets of a market bottom. I believe the bottom will be earlier than we think, and so I'm actually eyeing this level as a potential bottom.
Structure looks bullish to me tho.
Stay safe.
While it could break down, this looks like a fairly bullish structure despite the macro news.
I'm still eyeing 14k as a bottom area but I believe we may see a run up into the weekend to 21k or so.
I'd probably 2x long it here or buy on spot and be able to cover a draw down into the 14k or 6-8k area if you want to hold it or else assume a snap below 18.8k is bad news. 18k, 14k and 9.8 k to me are potential targets of a market bottom. I believe the bottom will be earlier than we think, and so I'm actually eyeing this level as a potential bottom.
Structure looks bullish to me tho.
Stay safe.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.