consolidation or distribution and profit-taking?? it all depends on the point of view
Jedi Trader
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Bullish
$BTC on the 1-hour chart it has returned strongly to the range and continues to consolidate. But it faces the daily downtrend that comes from January 20th. If we look at the daily chart, we see that we are at a critical point that must be resolved in the next few days to see if buying strength enters and we resume the path to a new ATH or if the downtrend consolidates (which may just be a bear trap). Opinion: If you trade in 1 hour or less, there is room for trades within the range. If you trade long term, wait before opening new positions.
All in all, I remain long-term bullish 🚀🚀.
It is not financial advice, it is just an opinion. #BTC走势分析 #BTC
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