Critical Trading Day: Key Levels to Watch for BTC's Next move
تم تحديثه
Today promises to be very intriguing. The daily RSI trend suggests that it's already a good time to buy. However, I recommend waiting: at the opening of the American market, there's still a chance that the price could be pushed down to as low as $67,000.
At this level, there is very low risk involved in buying: it meets the long-term trend, there is a short-term support in place, and it’s a pullback on an even shorter-term downward trend. By the end of the day, the price is expected to rise back above $70,000, allowing for the stop loss to be moved to break even. The next entry point would ideally be around a new ATH, again favoring a long position.
Negative scenario: if it falls below $67,000, or if it doesn't manage to climb back above $70,000 by the end of the day, it would be wise to close the position and wait to see if a larger drop or further sideways movement is expected.
Looking back, news will be attributed to the movements, but the chart is indicating there will be significant activity.
At this level, there is very low risk involved in buying: it meets the long-term trend, there is a short-term support in place, and it’s a pullback on an even shorter-term downward trend. By the end of the day, the price is expected to rise back above $70,000, allowing for the stop loss to be moved to break even. The next entry point would ideally be around a new ATH, again favoring a long position.
Negative scenario: if it falls below $67,000, or if it doesn't manage to climb back above $70,000 by the end of the day, it would be wise to close the position and wait to see if a larger drop or further sideways movement is expected.
Looking back, news will be attributed to the movements, but the chart is indicating there will be significant activity.
تم فتح الصفقة
We have reached the buy zone, albeit a bit slower than anticipated. However, this does not change the overall picture: it would be ideal if the price strongly rebounds by the end of the day, pushing well above $70,000.ملاحظة
I often move too early with my predictions. On one hand, it didn't break the long-term trend; it merely touched it again. However, a significant negative signal is that it broke the daily RSI trend. Either way, it technically looked good when it went back above $69,000. However, it was pulled back again to $67,500, which is not the kind of movement I'm looking for. Since the situation is mixed, it's prudent to step back until the picture clears. New STOPLOSS: 67000, really close.
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