What to expect in coming days, is 52k legit?

15 thg 8

We all know BTC made a 30% dump and is still finding its way to go up. A weekly candle was gorgeous, but it doesn't mean we will see huge green candles right away. I am still in a short position and will consider closing my trade at those green-marked lines. To do that BTCUSDT must close a candle below 57.6k in the 4H timeframe. Remember, BTC can reach 49k which is the latest lowest point, and if BTC can close a candle below 49k in a weekly timeframe will create creating opportunity to go further down to 40k maybe even more. So as long as it is above 50k we have a chance to go up and look for entries.