Long

BTC: Three reasons why $60,000 is the key level right now.

There's a nice picture forming on the 2hr chart showing $60k to be pivotal for the short term.

The bearish measured move from H&S top is about $60,000.
50% retracement from recent low to recent high is about $60,000.
And $60,000 level was previous significant resistance.

Remember, technical levels need not be exact. It can be an area or tight range - a bit like when $60000ish saw resistance and that build up in enthusiasm.

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- - - - -
Prop Level Trader Training Packages:
masterclasstrader.com/
- - - - -

Also on:

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.