This time around my analysis is focused on the ongoing downtrend structure in the medium term. My previous setup is still intact, check it out here:
If price does hit the 62000 range i will be exiting my position and looking for a short around 63000.
This short is on the premise, that BTC will do a rounded retouch on medium timeframes to the 58500 price range before market participant will decide the next course of movement to the upside or downside.
As of right now we must sit tight to see our previous setup play out or not.
If price does hit the 62000 range i will be exiting my position and looking for a short around 63000.
This short is on the premise, that BTC will do a rounded retouch on medium timeframes to the 58500 price range before market participant will decide the next course of movement to the upside or downside.
As of right now we must sit tight to see our previous setup play out or not.