✴️ BTC Update #BTC_Update
Hello dear community, after more than a week of range, we finally got some action in the last two days with first an incursion above 10k on the BitMEX platform followed by a drop to 9100.
However, BTC has not closed below the 9250 - 9350 support zone and is currently on a rebound, probably technical.
The daily technical situation is now negative with a sell signal given on WaveTrend and MACD.
📈 Trend follower?
Negative over 1 hour and positive over 4 hours and daily.
👉 What can be done?
Now that the second target has been reached, your stop-loss must be placed in profit and may be activated in case of a rebound. That's why we will try a new short position around 9850 in order to aim, once again, at the bottom of the range.
Entry zone: 9800 - 9900 Stop: 9999 T1: 9690 T2: 9515 T3: 9270
Stay safe and good friday to all!
Hello dear community, after more than a week of range, we finally got some action in the last two days with first an incursion above 10k on the BitMEX platform followed by a drop to 9100.
However, BTC has not closed below the 9250 - 9350 support zone and is currently on a rebound, probably technical.
The daily technical situation is now negative with a sell signal given on WaveTrend and MACD.
📈 Trend follower?
Negative over 1 hour and positive over 4 hours and daily.
👉 What can be done?
Now that the second target has been reached, your stop-loss must be placed in profit and may be activated in case of a rebound. That's why we will try a new short position around 9850 in order to aim, once again, at the bottom of the range.
Entry zone: 9800 - 9900 Stop: 9999 T1: 9690 T2: 9515 T3: 9270
Stay safe and good friday to all!