For the moment we are bullish on BTC and we expect to see at least an attempt of creating a higher high before resuming the downtrend but what if 7469 doesn't hold? We have 2 buying zones but the more it falls the less likely it is to recover and create a higher high. If 7469 holds you can see our taking profit areas on the chart.
Thicker line = bigger confluence of supports/resistances/extensions/targets
Thicker line = bigger confluence of supports/resistances/extensions/targets
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We have adjusted our targets. Check our next update.
There are a lot of reasons 7469 this level to hold.
We are retesting the downtrend line with a golden cross right under us (20&100ma) at the 0.382 retrace level.