What was said in the morning, a 90,000 order to go long can take a breakeven loss, don't forget it, already made a profit of 1,000 dollars $BTC
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Bitcoin View: Reference 4H
After a significant drop, Bitcoin is undergoing a washout and has formed a consolidation channel pattern. The strong support to watch in the short term is around 90,000. If this level is not broken, Bitcoin is expected to continue testing the 94,000 resistance, and if broken, it can look towards the 96,000-98,000 range.
One point to note is that if you placed a buy order at 90,000, your stop-loss would be around 1,000 to 1,500 dollars. This is a must; otherwise, if it breaks this level, there is a high probability of continuing to draw down.
From the candlestick perspective, the last time a breakdown created a vacuum zone, and this time the rebound has also created a vacuum zone. Therefore, the current price range of 91,000-87,000 has a vacuum zone, and we need to be cautious about this point $BTC
{future}(BTCUSDT)
After a significant drop, Bitcoin is undergoing a washout and has formed a consolidation channel pattern. The strong support to watch in the short term is around 90,000. If this level is not broken, Bitcoin is expected to continue testing the 94,000 resistance, and if broken, it can look towards the 96,000-98,000 range.
One point to note is that if you placed a buy order at 90,000, your stop-loss would be around 1,000 to 1,500 dollars. This is a must; otherwise, if it breaks this level, there is a high probability of continuing to draw down.
From the candlestick perspective, the last time a breakdown created a vacuum zone, and this time the rebound has also created a vacuum zone. Therefore, the current price range of 91,000-87,000 has a vacuum zone, and we need to be cautious about this point $BTC
{future}(BTCUSDT)
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