$BTC In recent sessions, the crypto market has been witnessing calculated moves by the bulls (buyers) around Bitcoin’s key resistance zones. Is this pause a necessary consolidation to accumulate, or a sign of a short-term pullback? Let’s look at the technical perspectives right below.
Technical chart viewpoint
Looking at the current trend, the price is moving within a narrow range. Buyers are still working to hold the important support areas below as a springboard for the next goal. If buying pressure continues to remain stable, the short-term targets could very well move toward higher levels. Conversely, if profit-taking pressure increases, a retest of the support zone below is difficult to avoid.
Personal strategy: I’ve set up a position with strict risk management at the current price level, with a fairly optimal R:R (Risk/Reward) ratio. You can refer to my actual order, which is attached below this article.
What do you think about Bitcoin’s trend this week? Leave a comment and let’s discuss!
#Write2Earn
Technical chart viewpoint
Looking at the current trend, the price is moving within a narrow range. Buyers are still working to hold the important support areas below as a springboard for the next goal. If buying pressure continues to remain stable, the short-term targets could very well move toward higher levels. Conversely, if profit-taking pressure increases, a retest of the support zone below is difficult to avoid.
Personal strategy: I’ve set up a position with strict risk management at the current price level, with a fairly optimal R:R (Risk/Reward) ratio. You can refer to my actual order, which is attached below this article.
What do you think about Bitcoin’s trend this week? Leave a comment and let’s discuss!
#Write2Earn