- BTC is still in the 30000-43000 zone.
- Specifically, BTC is moving in an Symmetrical Triangle pattern.
- That show hesitation, boredom of the market.
- The volume decrease when the triangle narrows, showing the balance between supply and demand, there is no faction leading the market and a break in both directions is possible.
- Current strategy is to wait for a strong break with high volume. To be on the safe side, wait to get out of the 30000-43000 range.
- If breakout from the lower trendline, break through 30000, then the target will be 20000.
- If it breakout from the upper trendline, the target will be 50000
- Specifically, BTC is moving in an Symmetrical Triangle pattern.
- That show hesitation, boredom of the market.
- The volume decrease when the triangle narrows, showing the balance between supply and demand, there is no faction leading the market and a break in both directions is possible.
- Current strategy is to wait for a strong break with high volume. To be on the safe side, wait to get out of the 30000-43000 range.
- If breakout from the lower trendline, break through 30000, then the target will be 20000.
- If it breakout from the upper trendline, the target will be 50000
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