BTC cup and handle

Based off the 1hr chart BTC has formed a Cup and handle formation. If you draw a fib from the lowest price 59635 and drag it to the highest price you will see that the current price is at the 38% Retracement level, usually a textbook strategy of opening a long position to the upside. Support level is at 61975 and holding.

Pt: With the current moment id say 66k is our next price target for next few days or less BTCUSDT

Commentaire:

Well bad news and paper hands sent this king on one knee but he will pull it back together and power through!