BTCUSD BUY or Sel
Possible Scenarios:
If BTCUSD Approaches Resistance: Watch for signs of weakening momentum, divergence in indicators, or decreasing volume, which might suggest a potential reversal or a struggle to break through.
If BTCUSD Breaks Resistance: A decisive break above the resistance level with strong volume could indicate a bullish trend continuation. Confirmation through multiple timeframes may increase confidence in the breakout.
If BTCUSD Fails to Break Resistance: If there's a rejection at the resistance level, observe for subsequent price actions. A pullback might happen, potentially finding support at lower levels.
If BTCUSD Approaches Resistance: Watch for signs of weakening momentum, divergence in indicators, or decreasing volume, which might suggest a potential reversal or a struggle to break through.
If BTCUSD Breaks Resistance: A decisive break above the resistance level with strong volume could indicate a bullish trend continuation. Confirmation through multiple timeframes may increase confidence in the breakout.
If BTCUSD Fails to Break Resistance: If there's a rejection at the resistance level, observe for subsequent price actions. A pullback might happen, potentially finding support at lower levels.
Note
my next Target is 38500 as BTC drop from my given level
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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.