The Next Daily Close to Break These Levels Will Decide..

17 Nis 2023

Hello traders! Bitcoin (BTC) had an exciting weekend, reaching its highest level since July 2022 at around 31 000 $ before retracing slightly and consolidating in the $29.6k-31k $ range.
Based on technical analysis and market sentiment, we can expect a short-term dip in the coming days before a potential continuation of the uptrend.

I am waiting for a break of this ascending parallel channel: either above the upper line to go long, or a break below the middle line to go short. And I am talking of a daily candle close.

Overall, despite the short-term dip, the outlook for Bitcoin remains bullish.
Happy trading, and stay bullish!

19 Nis 2023

Not

If Bitcoin were to break below the 100 day EMA that'll be bad news