Good morning everyone!
Bitcoin
Yesterday and last night it came for a retest of the neckline breakout level of the Adam and Eve pattern. Overall, continuing to move within descending figures and moving through levels. Yesterday was a calm day for Bitcoin with no sharp movements. Now, after reacting from the 112500 level, it has pulled back to the 111000 level.
It is now important to watch the levels 111000 and 109700; if we get a long reaction from them and break 112500, the probability of growth will be very high. Inability to hold the specified levels may send us for a full execution of the A and E pattern on the daily timeframe. In any case, I don't see any sense in taking a position either long or short at the current prices. For thrill-seekers, you could try a short with a tight stop at 113500, but I don’t feel like shorting right now. Overall, the market, although at a peak, does not look weak yet, so I am considering entering limit orders long from the levels 107900 and 105300.
Have a great day everyone!
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