Today’s analysis – BTCUSD- trading in a clear defined range where a directional bias will be imminent
Points to consider, - Price Action Impulsive - Range Low Support - Range High Resistance - Low Volume
BTCUSD’s immediate price action is trading with two key boundaries, range high and range support, breaking either will allows for a directional bias.
The current level to hold is the swing low, exceeding this level increases the bearish scenario.
Overall, in my opinion, BTCUSD is neutral until a clear break of the range, price action is to be used upon discretion/ management when executing any trade here.
Hope this analysis helps
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