Bitcoin actually is in a very good shape on the weekly time frame with a claiming back above the 200 EMA as a grand dynamic support since the day one where BTC price has formed. However, lower time frame can be different with major area of resistance is being tested. A lot of variables we need to see and break it down. Also, there is RLC which we are highly...
The price is testing the demand zone and needs to hold it.
IF the price is going to lose this support we could see a new bearish impulse until
the daily support.
How to approach it?
IF the price is going to lose the support and retest ads new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure ->...
