BTC to have some consolidates and bounce back after a shake out
Hi there, BTC cant hold the average price of 46x zone VWAP, a shake out of high leverage & Fed fud got a bit liquidation and really broken RSI. The current BTC price is back to the same level at the same time last year Jan 2021, just before the bullrun.
BTC is expected to have slowly consolidates and may have last shake out of retailer and leverage hunter at 41x major support zone to have a bounce back to major resistance of 44k zone. If the 41x major support zone breaks we do have a very low price under the 40x zone (i.e 30x support zone) but such scenario is basically hard to happen to the current crypto market.
So, BTC is expected a last shake out for dip broken RSI and slowly consolidate and bounce back. Trading strategy is to cash out slowly small amount capital for potential & hold good alts and L1 for spot, Iam not fan of future trade at the time.
Thats for today, trade well.
BTC is expected to have slowly consolidates and may have last shake out of retailer and leverage hunter at 41x major support zone to have a bounce back to major resistance of 44k zone. If the 41x major support zone breaks we do have a very low price under the 40x zone (i.e 30x support zone) but such scenario is basically hard to happen to the current crypto market.
So, BTC is expected a last shake out for dip broken RSI and slowly consolidate and bounce back. Trading strategy is to cash out slowly small amount capital for potential & hold good alts and L1 for spot, Iam not fan of future trade at the time.
Thats for today, trade well.