Bitcoin / TetherUpdated BTCUSDT
Hello Traders! đź‘‹
What are your thoughts on BITCOIN?
Bitcoin remains in a neutral, range-bound trend, currently trading below a key resistance zone. At this point, two potential scenarios could unfold:
1. Bullish Scenario:
If Bitcoin breaks above the resistance level with strong momentum, it could confirm a continuation of the uptrend. A confirmed breakout would present an opportunity to enter long positions strategically.
2. Bearish Scenario:
If Bitcoin fails to break the resistance, a rejection could lead to a pullback toward lower support levels. In this case, waiting for a clear breakout confirmation before entering buy positions would be the prudent approach.
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What are your thoughts on BITCOIN?
Bitcoin remains in a neutral, range-bound trend, currently trading below a key resistance zone. At this point, two potential scenarios could unfold:
1. Bullish Scenario:
If Bitcoin breaks above the resistance level with strong momentum, it could confirm a continuation of the uptrend. A confirmed breakout would present an opportunity to enter long positions strategically.
2. Bearish Scenario:
If Bitcoin fails to break the resistance, a rejection could lead to a pullback toward lower support levels. In this case, waiting for a clear breakout confirmation before entering buy positions would be the prudent approach.
Don’t forget to like and share your thoughts in the comments! ❤️
Trade active
Closing above 101,700 confirms the continuation of the uptrend.
Closing below 94,500 will signal further correction.
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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.
âś…MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
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.