It’s time to build patience and discipline. After every major rally, there’s a period of extreme boredom and very low volatility. Boredom is part of trading too, so stay calm and avoid getting carried away. Act according to objective market patterns.
BTC’s price still hasn’t made a meaningful breakout or breakdown; it’s just fluctuating within the key support zone from earlier. In fact, this is a correction on the 3-day chart, and it won’t be over that quickly. The price has been repeatedly testing the 20-period moving average on the 3-day chart, and a break of this range is only a matter of time.
The target buy-the-dip level remains 73K. The MACD has only just formed a death cross above the zero line, indicating a downward correction within an overall bullish trend.
$BTC
BTC’s price still hasn’t made a meaningful breakout or breakdown; it’s just fluctuating within the key support zone from earlier. In fact, this is a correction on the 3-day chart, and it won’t be over that quickly. The price has been repeatedly testing the 20-period moving average on the 3-day chart, and a break of this range is only a matter of time.
The target buy-the-dip level remains 73K. The MACD has only just formed a death cross above the zero line, indicating a downward correction within an overall bullish trend.
$BTC