BTC/USD – WAIT FOR THE CROSS
Price has been respecting a descending trend line ever since topping out near the 108k area. We have a potential “High-Risk Buy” zone in the mid-to-high 90k range—worth considering for aggressive traders looking for a bounce. However, more conservative traders may want to wait for a confirmed break of the descending trend line (the “cross”) before jumping in. Managing risk is key in case bearish momentum continues.
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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.