✴️ BTC Update #BTC_Update
What's new since the last update, guys? The BTC came to test the $10,000 level and is currently trading around 9750.
The daily technical situation, although extremely overbought, remains positive. The technical indicators for the 4h horizon also remain positive with nevertheless some signs of bending.
Is this necessarily the end of the rise? Not necessarily, but a pullback would be normal after a rise of this magnitude, especially below a strong psychological level such as $10,000.
📈 Trend follower?
Positive over the 3 analysis time horizons.
👉 What can I do?
Even if a drop, a retracement would be quite normal after this rise, it is not impossible that the BTC continues its ascent in a straight line, boosted by the narrative on the halving.
Nevertheless, we will not act on this assumption and our entry point at 8950 remains valid guys!
Be careful with your sizing, no unnecessary risk!
What's new since the last update, guys? The BTC came to test the $10,000 level and is currently trading around 9750.
The daily technical situation, although extremely overbought, remains positive. The technical indicators for the 4h horizon also remain positive with nevertheless some signs of bending.
Is this necessarily the end of the rise? Not necessarily, but a pullback would be normal after a rise of this magnitude, especially below a strong psychological level such as $10,000.
📈 Trend follower?
Positive over the 3 analysis time horizons.
👉 What can I do?
Even if a drop, a retracement would be quite normal after this rise, it is not impossible that the BTC continues its ascent in a straight line, boosted by the narrative on the halving.
Nevertheless, we will not act on this assumption and our entry point at 8950 remains valid guys!
Be careful with your sizing, no unnecessary risk!