Wow, it's rare to see $BTC with 5-minute consecutive days of rising so many times—this doesn't look like just a rebound, it seems like it might be about to make a big move.
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Bullish
Eric SJ
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$BTC This round really is a bit too aggressive. At the 63,000 level, on the short-term cycle there doesn’t seem to be any hesitation—directly a hard one straight down.
Now that support has turned into overhead resistance. Today’s direction is already set: selling on the downside is the main play.
So the corresponding strategy is only: short the rebound and go long at lower levels.
For the rebound, consider shorting around 63,200. For the low-level long, place a buy near 62,500.
Now that support has turned into overhead resistance. Today’s direction is already set: selling on the downside is the main play.
So the corresponding strategy is only: short the rebound and go long at lower levels.
For the rebound, consider shorting around 63,200. For the low-level long, place a buy near 62,500.