Hello there!
The current candle opened higher than the previous candle and has a lower low compared to the third candle, but a higher low compared to the fourth candle, with a bullish oscillator.
The price has a directional bias of 74441 with a potential dip, and the price is bullish above 63335.7 low.
Therefore, while the price is bullish, there is high risk for any stop loss above 59154.5. Due to such a wide stop-loss, it is best not to take any action with BTCUSDT at this time.
Overall, the price is bullish over Weekly and Monthly time frames in overbought areas.
Summary: Neutral with bullish sentiments.
Happy Trading,
K.
The current candle opened higher than the previous candle and has a lower low compared to the third candle, but a higher low compared to the fourth candle, with a bullish oscillator.
The price has a directional bias of 74441 with a potential dip, and the price is bullish above 63335.7 low.
Therefore, while the price is bullish, there is high risk for any stop loss above 59154.5. Due to such a wide stop-loss, it is best not to take any action with BTCUSDT at this time.
Overall, the price is bullish over Weekly and Monthly time frames in overbought areas.
Summary: Neutral with bullish sentiments.
Happy Trading,
K.
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