BTCUSDT 1D | Bitcoin market overview: Bullish strike or fakeout?

Hello, dear subscribers!

In the previous review we considered the possibility of a short when the bitcoin price moves in the current price channel.

At the moment the price of the bitcoin is $9,270, it is at the upper limit of the channel. When the day closes above the price channel, we can enter the flat area $9,300 - $9,600. In this zone, the bulls and bears will fight for the formation of the next price trend. In this case, it is better not to have a short or long position before the competition between buyers and sellers.
It is also possible to form a fakeout in the next two days in order to scare sellers and force buyers to take a position and then send the price down.

Subscribe to the channel and stay with us!