I believe we formed nice triangle and bitcoin is sqeezing inside now, at around 46500 I would go short till around 42200 to 42500 area can make 2 targets, if it break up go 48K or more then retest and H candle close and open above this line 46500 then go long with tight stop loss below entry and trendline.
also go long from 42K area you can make everal entry in case dont want to miss
at 42K we have massive support first its fibonacci level then it previous ATH plus there is daily EMA 50 close. Everythung comes nice at this point really fantastic support. especially iff price comes down quickly this is no brainer for long it definitely should bounce hard and then you can put SL at entry or at 41K for example. Every single trader talk about 42K as massive support and yes it makes lot of sense. Anything can happen though I would give it around 80% or more odds if big whale decide play in this area it can wick hard past 40K till max 39500 your liquidation price definitely should be below 38500 give it room to wick its possible. nobody believed it will go thourgh 50K like hard knife to butter but it did. If strong move start from say 44K area i really dont believe it can cut till 38500 without bounce back to entry at least. So 42200 looks fantastic buy. Every trader will agree, Cheers lets hope for best.
also go long from 42K area you can make everal entry in case dont want to miss
at 42K we have massive support first its fibonacci level then it previous ATH plus there is daily EMA 50 close. Everythung comes nice at this point really fantastic support. especially iff price comes down quickly this is no brainer for long it definitely should bounce hard and then you can put SL at entry or at 41K for example. Every single trader talk about 42K as massive support and yes it makes lot of sense. Anything can happen though I would give it around 80% or more odds if big whale decide play in this area it can wick hard past 40K till max 39500 your liquidation price definitely should be below 38500 give it room to wick its possible. nobody believed it will go thourgh 50K like hard knife to butter but it did. If strong move start from say 44K area i really dont believe it can cut till 38500 without bounce back to entry at least. So 42200 looks fantastic buy. Every trader will agree, Cheers lets hope for best.