If we want to have a simple and general view, I believe that if someone hasn't entered the market at lower prices, they shouldn't do it now, and they should wait for a price correction and market reaction to important support levels.
Cardano looks really promising for a low risk buy, but the market is a bit volatile right now, and it`s the end of the week, so we should wait for the weekly candle to close and get a clearer picture of bitcoin`s situation before entering a trade. Before trading, it`s essential to learn not to trade. Be profitable.
2 scenarios for bitcoin on a daily time frame: first, it could drop heavily on strong resistance, and in that case, the possibility of reaching 25000$ is hight. second, it might break through the strong resistance and consolidate above it, in which case the price would move towards 47000$. chart patterns can always be seen in various ways, and these are my...
It continues to complete its retracement path, and after breaking the ascending trend, it has formed lower support levels. If it finds support at the price of $25,000, it may move towards $28,000, otherwise, it could potentially move towards $20,000.
In daily trading, two crucial points should be noted. First, it's important to break down the previous trend sharply, bounce back, and test the support range again. Buying is not recommended in this scenario. On the other hand, those who haven't sold during the bounce-back should wait until the support weakens before taking action to sell.