In my previous post, I mentioned that there is a likelihood that price will attempt to reach the 40k level, and it happened. Based on the prevailing market, the levels were recalculated and key levels to watch for are the following:
40910 - a breakout of this level will create another new higher highs, a bullish run.
40680 - a breakdown of this level could trigger BTC to gather more momentum and could retest the 40600 level
40200 level - This is the demand zone. The last stop where price can gather more buyers. But if the volume of buyers are not enough, expect the price to retest the 39500 level.
Based on this situation, I would place a LIMIT BUY order at 40620 and 40200
40910 - a breakout of this level will create another new higher highs, a bullish run.
40680 - a breakdown of this level could trigger BTC to gather more momentum and could retest the 40600 level
40200 level - This is the demand zone. The last stop where price can gather more buyers. But if the volume of buyers are not enough, expect the price to retest the 39500 level.
Based on this situation, I would place a LIMIT BUY order at 40620 and 40200