Hello Bitcoin traders. BTC has moved to previous low level of $29799. Now, it has to make the choice of where to go!
Scenario 1: buyers come in to push the price up to $34500.
Scenario 2: sellers take control to break the previous low and further down to second defense level of $20000.
Without positive influencers joining in, the second scenario is likely to happen. That will be another 30% drop from the current level.
I think buyers should pay special attention to risk management. Don't use high leverage. Once the breakout happen, it might go down significantly with a fast speed.
I would recommend buyers to buy BTC ETFs, e.g. GBTC
Give me a like if you're with me. Please trade safe and stay safe!
Scenario 1: buyers come in to push the price up to $34500.
Scenario 2: sellers take control to break the previous low and further down to second defense level of $20000.
Without positive influencers joining in, the second scenario is likely to happen. That will be another 30% drop from the current level.
I think buyers should pay special attention to risk management. Don't use high leverage. Once the breakout happen, it might go down significantly with a fast speed.
I would recommend buyers to buy BTC ETFs, e.g. GBTC
Give me a like if you're with me. Please trade safe and stay safe!
Ghi chú
BTC bounced back by more than 7% today. It's a huge move. I just checked the news and nothing out there. I guess, just some buyers come in to buy around the previous low structure. But I noted that it has to conquer the downtrend line to establish the bullish trend to the upside. 
plan your trade and trade your plan
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
plan your trade and trade your plan
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.