The monthly candle is closing in 3 days, and the end of the month are usually a good time to trade based on monthly support and resistances, We have some important zones to look at for the next 4 days 64800,67,69,71. good opportunities for swing trades
Note
by zooming in we can see the price bouncing nicely from these areas and their fib levels in the 4h chart
Note
1h chart view
Trade active
I'm buying a small position here at 67k target is 69kTrade active
I'm buying more at 66500, I think we will retest 71k in a couple of days, I will close them in loss if BTC closes daily bellow 65300Note
We are observing a divergence in open interest: it is decreasing, which means more people are closing their positions. Since the price is rising, it suggests that short sellers are closing their positions, indicating that BTC is preparing for another pump.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.