Bitcoin

Wait and See Only

154
At the top of the resistance level at 40k, this isn't a strategic level to take new long position. As I mentioned before, BTC is in a neutral level up to 40k level, so we could see price consolidating or whipsawing between 32k resistance level and 40k support level as ONE option. As an alternative option, I would prefer to see BTC to break above 40k and hold the 40k level for at least 2 days. The latter will be extremely bullish. If we enter into a consolidation mode (as option #1), then my buy entry will be around 32k-34k. Price has to be on the right side of the dotted sloping resistance line for low risk entry. So, it doesn't affect me in which direction BTC price will move in coming days as I have a crystal clear plan to initiate my BTC accumulation.

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