Update: Bottom of the rectangle channel hit & $71.5k $BTC tagged. We now have a bounce forming, the PA from here will likely tell us what's to come. The key level I'm watching is around 7.8% here the 20/50 day EMA's and 4hr 200ma sit and this roughly corresponds with a $69k $BTC A rejection from that level will mean another lower high on the USDT.D chart. That will be my signal to long $BTC with the next target of $76k.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.