$BTC today‼️
The price is consolidating in the absence of negative news, just as I anticipated. I am trading today within the boundaries of a rough ascending channel on the 1-hour (1H) timeframe.
The $82,900 level is acting as strong support. Driven by rising interest, the Bitcoin price is likely to break out in the coming hours. I was mistaken yesterday in assuming that ETF outflows would decrease; let's see what happens today. Outflows have been observed for over 10 days now, but I expect them to pause temporarily, provided the news landscape doesn't deteriorate.
As before, I do not believe the Bitcoin price will undergo a significant correction prior to the election.
I am currently holding a long position. The target is marked on the price chart.
I am trading with a dynamic stop-loss.
I will hold the long position until the target is reached unless I see a high volume of selling; otherwise, I will switch to a short trade ($82090).
Wishing everyone profitable trades💰💪
The price is consolidating in the absence of negative news, just as I anticipated. I am trading today within the boundaries of a rough ascending channel on the 1-hour (1H) timeframe.
The $82,900 level is acting as strong support. Driven by rising interest, the Bitcoin price is likely to break out in the coming hours. I was mistaken yesterday in assuming that ETF outflows would decrease; let's see what happens today. Outflows have been observed for over 10 days now, but I expect them to pause temporarily, provided the news landscape doesn't deteriorate.
As before, I do not believe the Bitcoin price will undergo a significant correction prior to the election.
I am currently holding a long position. The target is marked on the price chart.
I am trading with a dynamic stop-loss.
I will hold the long position until the target is reached unless I see a high volume of selling; otherwise, I will switch to a short trade ($82090).
Wishing everyone profitable trades💰💪