PatekCharts1

little BTC hopium left, 3k support to be tested.

Short
BITFINEX:BTCUSD   Bitcoin
Longer outlook opinion. With little hopium left, i honestly see a 5k test coming within a month, with us hovering around that range untill the 30th Sep ETF decision. If denied(which i believe it will be), 3k BTC support to be tested. I will be sure to play some bounces on the way down though. Both of these bitcoin horizontal supports also line up with nice fibonacci retracement levels increasing the support. First buys for me will be in 5k region as i expect a bounce, then depending on how that plays out at the time, stay with my long, or short to 3k. ETF news is very relevant here to price action.
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.