BTC price action

٢٦ يناير ٢٠٢٢

BTC has tried to break above the 37.3k support to turn it to resistance and failed to flip it 3times.
Btc currently trying to form a CnH formation and so I expect consolidation for a while before the next break out down or up.
It may try a rest of the support and if we can flip the support into resistance then our next target would be the 40k-41k region which I expect hard rejection from.

An aggressive but risky trade set up is on the chart. Note, it is a risky trade so don’t stake too much
Tp at the blue and yellow lines
Final Tp at 29.5k
SL 1ATR above resistance

A less risky trade would be to wait for consolidation and breakout.
I for one i’m engaging on the risky trade.

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