gm, yesterday mentioned that Bitcoin's pullback did not create a lower low, if it holds at 0.618 then it can go long, those who have already opened can take a stop loss at $BTC
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Bitcoin Outlook: Reference 4H, 1H
Yesterday, it was mentioned that the best position for going long on Bitcoin during a rebound was around 860. Unfortunately, it did not reach that point, but instead chose to rebound at the Fibonacci 0.618 of the entire segment.
Currently, the key level to watch for short positions is in the range of 906-917. If this level is broken and closes above, it is expected to continue rising.
Conversely, if it gets blocked, it will continue to drop, still seeing 860 as the last defense zone for bulls. Another minor level to pay attention to is the 0.618 position of this small segment.
If Bitcoin experiences a pullback but does not establish a lower low and holds at 0.618, it can also be an opportunity to go long, $BTC
{future}(BTCUSDT)
Yesterday, it was mentioned that the best position for going long on Bitcoin during a rebound was around 860. Unfortunately, it did not reach that point, but instead chose to rebound at the Fibonacci 0.618 of the entire segment.
Currently, the key level to watch for short positions is in the range of 906-917. If this level is broken and closes above, it is expected to continue rising.
Conversely, if it gets blocked, it will continue to drop, still seeing 860 as the last defense zone for bulls. Another minor level to pay attention to is the 0.618 position of this small segment.
If Bitcoin experiences a pullback but does not establish a lower low and holds at 0.618, it can also be an opportunity to go long, $BTC
{future}(BTCUSDT)
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