My name is Arief,
I see an indication of bullish continuation, it can be seen on the 1D time frame, there is a bullish divergence.
But before opening a long position on BTC, the RSI indicator has entered the overbought zone.
What's the solution? Wait for the retracement!
In a smaller time frame, 4H, there is a crucial area for bitcoin to retrace, at the 200 MA = 40,700 to 39,700 (USDT), I expect bulls to hold the price in that area to continue rising prices.
“IF YOU FAIL TO PLAN, YOU ARE PLANNING TO FAIL” — BENJAMIN FRANKLIN
Thank you and best of luck!
I see an indication of bullish continuation, it can be seen on the 1D time frame, there is a bullish divergence.
But before opening a long position on BTC, the RSI indicator has entered the overbought zone.
What's the solution? Wait for the retracement!
In a smaller time frame, 4H, there is a crucial area for bitcoin to retrace, at the 200 MA = 40,700 to 39,700 (USDT), I expect bulls to hold the price in that area to continue rising prices.
“IF YOU FAIL TO PLAN, YOU ARE PLANNING TO FAIL” — BENJAMIN FRANKLIN
Thank you and best of luck!