BTC Daily review: $36K to $36.5K should be a good area to buy

Looks like we are getting long-awaited retracement on Bitcoin...I will be very happy to add to my position at around 36K to $36.5K, a good confluence zone based on SR flip and FIB ratio.

I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.

If I get my positions filled at 36K, I will be looking to sell at 48K to $50K, which is a good 35% move.

So don't hesitate to buy on support, maintain your risk and create an appropriate position size.

Hope this helps!

Happy trading!