BTC: The Dilemma of a Breakout or Rejection!

22 thg 9

BTC Update:

BTC is still struggling to break above the dotted trendline, technically forming a hidden bearish divergence. In my previous update, I mentioned that BTC must close above 64K on the daily chart to invalidate this hidden bearish divergence.
At the moment, we are seeing a rejection, and the 100 EMA (yellow line) needs to be held as support. A breakdown below the 100 EMA could likely have a bearish impact on BTC.

Stay cautious and trade safely.

Always do your own research and analysis before investing.

Regards,
Team Dexter

#BTC #cryptocurrency #Altcoins #cryptomarket

27 thg 9

Giao dịch đang hoạt động

BTC Update:

The hidden bearish divergence has been invalidated as BTC broke above the 64K level on the daily timeframe. BTC is now targeting 68k-69k, but a potential rejection could occur at those levels.

Stay cautious and manage your risk.

30 thg 9

Giao dịch đang hoạt động

BTC Update:

BTC is now only 5% away from the 69K resistance trendline. So far, the analysis is progressing as expected, and the time is approaching when we need to be extra cautious with our trades.

Be sure not to overexpose yourself in futures trading. Keep your positions small and only trade with full confirmation.

Wait for the market to settle before making better entries.

Trade safely.

#Crypto #BTC