Bitcoin seems to be replaying one of it's fractals from last year where we had a fake out and then an actual breakout. But this time the signs are so mixed, it's hard to tell. Firstly, I thought BTC would visit 40k to grab liquidity but the wick is not on other charts so it's probably one of Binance scam wicks.
For now, we can watch the support at 45,700 and bounce can take us into a new uptrend whereas failure to hold will sink us down to the 40s.
Use low leverage and manage risk guys! Good luck.
For now, we can watch the support at 45,700 and bounce can take us into a new uptrend whereas failure to hold will sink us down to the 40s.
Use low leverage and manage risk guys! Good luck.