$BTC - Bitcoin looks like it has Broken out of the important resistance zone (72k$) and in LTF , we are seeing a bullish structure for $BTC . Now surely if it holds here we can go directly to 76k and then 79k . I Got stopped out on my shorts yesterday but i won't long here as we have seen multiple fakeouts in the past months. I am sidelined for now and would observe more n more candles for some days before getting into any trade. For Bearish - It should definitely break 71k$ in a clean candle to make this breakout as a swing failure pattern . If it does break 71k$ the targets would be around CME Gap(69k$) and 67k$ . #BTC #btcusd #bitcoin
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.