Bitcoin is still above its 200 day average, and that still matters. 📈
Longbridge reported on 4 November that Bitcoin is above the 200 day moving average near 73,169 dollars, after climbing back above the 77,000 dollar level on tech stock strength and reduced volatility from the 76,300 dollar low touched on 30 October. 📊 My reading is that the 200 day average is the line between a correction and a real downtrend, and price near 76,708 sits comfortably above it even after the morning slip. That does not make every dip a buy, it means the bigger structure has not broken, and range traders should respect that before calling for a crash.
Does holding above 73,169 keep you constructive, or do you need a reclaim of 77,966 first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinAnalysis
Longbridge reported on 4 November that Bitcoin is above the 200 day moving average near 73,169 dollars, after climbing back above the 77,000 dollar level on tech stock strength and reduced volatility from the 76,300 dollar low touched on 30 October. 📊 My reading is that the 200 day average is the line between a correction and a real downtrend, and price near 76,708 sits comfortably above it even after the morning slip. That does not make every dip a buy, it means the bigger structure has not broken, and range traders should respect that before calling for a crash.
Does holding above 73,169 keep you constructive, or do you need a reclaim of 77,966 first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinAnalysis
