Bitcoin is Ready to Attack the Resistance zone!!!

Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement.

Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line.

According to the Elliott wave theory, Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140).

I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation).

Note: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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Commentaire:

If Bitcoin touches $67,880, the scenario will change.

Ordre annulé

Commentaire:

If you see a short trigger, you can enter.