✴️ BTC Update #BTC_Update
What can the market do for us today? Well it's very simple! Today Bitcoin can bring us confirmation guys!
Indeed, remember yesterday's analysis at the end of the session? Bitcoin was just testing that 6387 resistance level. This short term resistance is now broken with a BTC currently pushing 6850. If Bitcoin manage to close 4h above 6387, the 6950 will be the next target!
The technical situation is positive both in daily and 4h horizon.
📈 Trend follower?
Positive in 1h and 4h but negative in daily horizon.
👉 What can be done?
I hope that you are all still in position from the support zone and if this is the case I encourage you to place your stop-loss at the breakeven and take part of your profit.
For those of you who are not yet in position, we will wait for a potential 7000 test to see how the price reacts at this level. Bitcoin will correct at some point, and we will be there to enter at an optimal level.
💹 Altcoins
The majority of the alts are in the red since the beginning of the session with losses of more than 10% for VIBE, EDO and HOT.
Stay safe guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
What can the market do for us today? Well it's very simple! Today Bitcoin can bring us confirmation guys!
Indeed, remember yesterday's analysis at the end of the session? Bitcoin was just testing that 6387 resistance level. This short term resistance is now broken with a BTC currently pushing 6850. If Bitcoin manage to close 4h above 6387, the 6950 will be the next target!
The technical situation is positive both in daily and 4h horizon.
📈 Trend follower?
Positive in 1h and 4h but negative in daily horizon.
👉 What can be done?
I hope that you are all still in position from the support zone and if this is the case I encourage you to place your stop-loss at the breakeven and take part of your profit.
For those of you who are not yet in position, we will wait for a potential 7000 test to see how the price reacts at this level. Bitcoin will correct at some point, and we will be there to enter at an optimal level.
💹 Altcoins
The majority of the alts are in the red since the beginning of the session with losses of more than 10% for VIBE, EDO and HOT.
Stay safe guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
