#BTCUSD/H4. What opportunities are there for BTCUSD and Bitcoin?
Updated
BTCUSD long-term analysis:
After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend.
There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up.
Recommended orders:
Plan 1: SELL BTCUSD zone 64800-65000
SL 65300
TP 63300-62300-61000.
Plan 2: BUY BTCUSD zone 60900-61100
SL 60600
TP 62000-65000-69000.
After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend.
There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up.
Recommended orders:
Plan 1: SELL BTCUSD zone 64800-65000
SL 65300
TP 63300-62300-61000.
Plan 2: BUY BTCUSD zone 60900-61100
SL 60600
TP 62000-65000-69000.
Note
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