8300 as a key point!
BTC Update
Bitcoin finally reached the support zone between 8200 and 8300 yesterday before bouncing back to the 8400.
The daily technical situation remains negative while on a 4h and 1h horizon the indicators show signs of potential increases.
Trend follower?
Still positive on a daily basis, but negative on a horizon of 1 hour and 4 hours.
What can be done?
I told you about a long over 8300 to aim for 8700 but the rebound has not had this magnitude. If you were in position, I hope you still took some of your profits.
It is still possible to open a buy position based on the technical situation 1h and 4h, but it will be more risky than the first test.
Stay cautious and preserve your capital.
Bitcoin finally reached the support zone between 8200 and 8300 yesterday before bouncing back to the 8400.
The daily technical situation remains negative while on a 4h and 1h horizon the indicators show signs of potential increases.
Trend follower?
Still positive on a daily basis, but negative on a horizon of 1 hour and 4 hours.
What can be done?
I told you about a long over 8300 to aim for 8700 but the rebound has not had this magnitude. If you were in position, I hope you still took some of your profits.
It is still possible to open a buy position based on the technical situation 1h and 4h, but it will be more risky than the first test.
Stay cautious and preserve your capital.
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