$BTC 79K key level 💣💣💣
Midday recap: Price has reached the second test of the descending channel, and the 4-hour RSI is showing a slight bullish divergence and starting to turn up. If you're short, take note. Keep watching until 4–6 PM. It may be wise to take partial profits on your short positions.
Key levels to watch: the 82,000 resistance zone. If price pulls back to 81,000 and consolidates, it may be time to flip long. Set your stop loss around 79,000, risking about 2,000 points, with an upside target of at least 85,000—that's 4,000 points. A 2:1 risk-reward ratio. Not bad 🤡
It may be time to start closing out those shorts.
Midday recap: Price has reached the second test of the descending channel, and the 4-hour RSI is showing a slight bullish divergence and starting to turn up. If you're short, take note. Keep watching until 4–6 PM. It may be wise to take partial profits on your short positions.
Key levels to watch: the 82,000 resistance zone. If price pulls back to 81,000 and consolidates, it may be time to flip long. Set your stop loss around 79,000, risking about 2,000 points, with an upside target of at least 85,000—that's 4,000 points. A 2:1 risk-reward ratio. Not bad 🤡
It may be time to start closing out those shorts.