BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
The scenario for BTCUSDT I posted earlier is still in play.
BTC retraced a bit to levels of (daily) support. Around 29.500 USDT
This is near the 0.618 Fib-level (golden pocket).
The EMA50 is at 29.350 USDT at the moment.

The daily trendline to the downside (dotted) is broken. A new daily trendline to the upside might be forming.

Let's see if we continue to go up :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.