Bitcoin Trading in Range so what next?

Bitcoin trading at $28,000 level. Technical analysis suggests that the market is waiting for a breakout, which could happen this week.

In terms of support and resistance levels, the downside support is at $26,650 while the upside resistance is at $28,900. Traders should be prepared for increased volatility in the BTC/USDT market over the next seven days.

If there is an upside breakout and the price surpasses the resistance level at $28,900, we may see the price reach $35,000. However, if the price drops, the next major support level is at $26,650. If this level is broken, the price could fall to $24,000.

Risk management is crucial in every trade, so it's important to have a plan in place before entering the market. Traders should always use proper risk management techniques, such as stop-loss orders, to limit their potential losses. By doing so, they can ensure that their trading strategies are sustainable over the long term.

Overall, the BTC/USDT market is expected to be volatile in the coming days, and traders should remain vigilant and cautious in their approach to trading.