BTC / USDT
Welcome to short term update for BTC :
– Price is finally made a breakout above 1 month range and crossed 24k
– Yesterday we got news about Tesla sold 75% of its BTC holding in Q2
– The price reacted fast and now retesting the Previous resistance
What Next ?
1– If bulls able to hold price above 21500$ we are fine And priority is for bullish continuation
2– If price lost support 21.5k-21k and closed daily or weekly below we consider this breakout as fakeout and price will return back to the boring range again and may be aiming for new local low
Iam still bullish as long as support hold
But right now strict SL is important to secure your profits/trades
Best of wishes
Welcome to short term update for BTC :
– Price is finally made a breakout above 1 month range and crossed 24k
– Yesterday we got news about Tesla sold 75% of its BTC holding in Q2
– The price reacted fast and now retesting the Previous resistance
What Next ?
1– If bulls able to hold price above 21500$ we are fine And priority is for bullish continuation
2– If price lost support 21.5k-21k and closed daily or weekly below we consider this breakout as fakeout and price will return back to the boring range again and may be aiming for new local low
Iam still bullish as long as support hold
But right now strict SL is important to secure your profits/trades
Best of wishes
