Intermediate Trading opportunity
✴️ BTC Update #BTC_Update
Yesterday's session was extremely quiet compared to previous days, that is a fact. As a result, the trades on the daily chart yesterday, namely a short at 9600 and a long at the 7300 level are still in the pipe.
The daily technical situation remains negative, but on a 4-hour horizon, the indicators are positive.
📈 Trend follower
Negative in 4 hours and positive on a daily horizon and 1 hour.
👉 What to do?
We can see that the BTC is currently in a weekly liquidity zone and we are not going to wait either 9600 for a short or 7300 to act. Indeed, the BTC has settle down and we can now take positions on shorter horizons.
As the 4-hour technical situation is positive and the daily indicators are negative, a rise to 9600 is not impossible before a resumption of the bearish trend. This is why we will wait for a breakout of the 8950s and enter pullback to target 9600.
Be careful with your leverage and use only half of your usual risk on this trade.
Enjoy our analysis!
Your 4C-Trading Team 💚
Yesterday's session was extremely quiet compared to previous days, that is a fact. As a result, the trades on the daily chart yesterday, namely a short at 9600 and a long at the 7300 level are still in the pipe.
The daily technical situation remains negative, but on a 4-hour horizon, the indicators are positive.
📈 Trend follower
Negative in 4 hours and positive on a daily horizon and 1 hour.
👉 What to do?
We can see that the BTC is currently in a weekly liquidity zone and we are not going to wait either 9600 for a short or 7300 to act. Indeed, the BTC has settle down and we can now take positions on shorter horizons.
As the 4-hour technical situation is positive and the daily indicators are negative, a rise to 9600 is not impossible before a resumption of the bearish trend. This is why we will wait for a breakout of the 8950s and enter pullback to target 9600.
Be careful with your leverage and use only half of your usual risk on this trade.
Enjoy our analysis!
Your 4C-Trading Team 💚
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