1/ Bitcoin price has perfectly bounced off the demand zone ($28,796 to $31,037)
2/ Investors can expect this rally to sweep above the local top at $35,500.
3/ Possibility of BTC hitting 62% Fib at $36,569 or 70.5% Fib at $37,632 should not be ruled out.
4/ An opportunity to position for a short trade might arise at the two levels mentioned above.
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
2/ Investors can expect this rally to sweep above the local top at $35,500.
3/ Possibility of BTC hitting 62% Fib at $36,569 or 70.5% Fib at $37,632 should not be ruled out.
4/ An opportunity to position for a short trade might arise at the two levels mentioned above.
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
Trade closed manually:
closed very close to the swing high at $35,500.
Trade closed: target reached
