The Bitcoin update has thankfully been implemented, as we warned.
As for the current situation, as seen on the Bitcoin chart, there is significant volatility.
The current rebound zone is at 63430 as a minimum, before continuing the upward movement to the 65800 area.
This raises the question: should I enter a short or long position?
My friend, not every time is suitable for entering trades for everyone.
Currently, the 63820 level is acting like a fierce wrestling ring.
To enter a short position, this level needs to be broken decisively and held below it for a full 4-hour candle.
However, a break below it followed by a rebound from the 63430 area, or even a rebound from it now, is also a possibility.
Therefore, wait for the daily close and the reaction of the 4-hour closing price to confirm the trend.
Note:
This is not financial advice.
My prediction is a break below the 63820 level followed by a rebound.
If you have any questions, contact me privately 👇
@Mohamed Manae
As for the current situation, as seen on the Bitcoin chart, there is significant volatility.
The current rebound zone is at 63430 as a minimum, before continuing the upward movement to the 65800 area.
This raises the question: should I enter a short or long position?
My friend, not every time is suitable for entering trades for everyone.
Currently, the 63820 level is acting like a fierce wrestling ring.
To enter a short position, this level needs to be broken decisively and held below it for a full 4-hour candle.
However, a break below it followed by a rebound from the 63430 area, or even a rebound from it now, is also a possibility.
Therefore, wait for the daily close and the reaction of the 4-hour closing price to confirm the trend.
Note:
This is not financial advice.
My prediction is a break below the 63820 level followed by a rebound.
If you have any questions, contact me privately 👇
@Mohamed Manae