Wealth Diary - January 15, 2024
Bitcoin has adjusted correctly to the old peak price range according to time frame W1 - 49k.
Currently, BTC is being traded at 42.9k. The nearest support zone is 40.5k. In this area, there is a very long withdrawal candle, showing that the expectation of buying from this area is quite large.
The general trend is still UP. But the price range is not good to enter for Future players. As for spot, you can consider BUY or wait for clearer signals from the price line.
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Position: neutral
Buy spot: 🚫
Long feature: 🚫
Action: Observe the price line and trading volume in the 43k-40k area
