BTC hit 58k and pulled back for the 4th-5th time.
However, it bounced off our ascending support level, and yesterday the dip got bought up very aggressively, meaning bulls are still holding strong and bears aren't able to take over.
If BTC breaks below the ascending support, we want to see a hold of 51k. If 51k doesn't hold, it would be a bad sign.
For now, I am still bullish but be careful.
Any questions?
Good luck traders,
Remember not to break your rules
Habib
However, it bounced off our ascending support level, and yesterday the dip got bought up very aggressively, meaning bulls are still holding strong and bears aren't able to take over.
If BTC breaks below the ascending support, we want to see a hold of 51k. If 51k doesn't hold, it would be a bad sign.
For now, I am still bullish but be careful.
Any questions?
Good luck traders,
Remember not to break your rules
Habib