Bitcoin – DID WE BOUNCE?
Bitcoin / TetherUS BINANCE:BTCUSDT
BINANCE:BTCUSDT
Quick update on BTC’s price action. Seems like the higher lows structure doesn’t want to give up and despite the FUD in almost every market BTC remains neutral. Right now everyone’s watching the area around 39 000 = my yellow support line. Once we break it I will exit all my long positions and flip bearish for the next two or three months.
My MFI is not yet oversold on the 4H but there’s been a strong support zone established at the 39 – 40 000 level. Let’s have one more bottle of that hopium.
Stay blessed and have a nice day.
