It's been a month since bitcoin has been in the $ 9,000-$ 10,000 range, and that can mean two things:
Consolidation and accumulation before a stronger upward movement
Successful regulation of the $ 10,000 zone by bears and BTC will soon fall deeper
The technical analysis says:
We have resistance at $ 9,500, unlikely to test it again this week
Current support at $ 9,000 has been held by BTC so far, but if the bears beat it we can go up to $ 8,400
RSI is quite neutral
Trading activity by volume is still weak, this can predict further movement to the side and in the same corridor
Trading tips:
LONG only if we go at $ 8,400 SL 5%
SHORT orders in area $ 9500 SL 5%
Consolidation and accumulation before a stronger upward movement
Successful regulation of the $ 10,000 zone by bears and BTC will soon fall deeper
The technical analysis says:
We have resistance at $ 9,500, unlikely to test it again this week
Current support at $ 9,000 has been held by BTC so far, but if the bears beat it we can go up to $ 8,400
RSI is quite neutral
Trading activity by volume is still weak, this can predict further movement to the side and in the same corridor
Trading tips:
LONG only if we go at $ 8,400 SL 5%
SHORT orders in area $ 9500 SL 5%
