$BTC Exclusive analysis for my son far from me)
Despite the fact that the dollar index closed with the promise of a downward move on the weekly chart, and on Friday, the decline was synchronous with the index and without a correction by the end of the session, the assumption of a continued decline in Bitcoin was confirmed.
Where are they aiming to take the price? Between 0.28-0.32, the gap, which remained unfilled for a long time - an excellent zone for opening new longs (marked in green on the chart).
The risk zone is located immediately below - if the price drops into this zone (marked in red), there is a high probability of a rapid downward decline - therefore, this zone should be considered a stop-loss zone.
What I expect: a high probability of a price rebound upward from the gap zone - opening a long position and increasing the position within this zone is the best option.
Stop below 83.
What's the next?
Partially close the position with a stop loss move to breakeven + 10% ROI when the price exits the gap zone
and continue closing using the same principle below new Fibonacci levels, which will become clear after the rebound forms
