BTCUSDT Perpetual Contract.
BTC reacting level to level and on the chart i can see it retested previous support of 2020 and i think it may retest lower supports as per the current market condition. current plan is to let price action develop and operate with care.
Bullish Scenario: 17300 to hold and flip for more upside till 19000, a deviation on that level can lead for a quick bounce back to 15900 area. If it hold 19000 area i'm looking for a long entry till 21400
Bearish Scenarior: Retest 16900 level to Previous low and reject from that area i'm looking to short it till 12200
BTC reacting level to level and on the chart i can see it retested previous support of 2020 and i think it may retest lower supports as per the current market condition. current plan is to let price action develop and operate with care.
Bullish Scenario: 17300 to hold and flip for more upside till 19000, a deviation on that level can lead for a quick bounce back to 15900 area. If it hold 19000 area i'm looking for a long entry till 21400
Bearish Scenarior: Retest 16900 level to Previous low and reject from that area i'm looking to short it till 12200
Idea still valid, if we close below previous low, it may drop further for creating lower lows.