what should I do
reverse or hold
MU_Traders
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⚠️BTC Can Crash UpTo $95K⚠️
Alhamdulillah ❤️,
As we analyzed $BTC chart previously on 1D TF, it's price dropped to $98k and then bounced UpTo $103K. Now it's trading at $105,600. Let's analyze chart and try to check what can happen next!
Look on #BTC 4H TF chart looking like it will reject from this trend line. Here is why?
There is no much liquidation on up side so #bitcoin can retrace to liquidate late longs.Second reason is trend line resistance. Volume is increasing in shorter TF but not much movement showing selling from Smart money.
To calculate to which point it can drop we will use FIB retracement tool. According to that most interested buying zone can be $95,150 - $97,000. Also there is last high that #Bitcoin break to shift character can also act as magnet 🧲 area and will help #BTC☀️ to reverse trend from there.
In short words #BTC☀ can move in downward direction UpTo $97K - $95K. So be carefull. Book profits and wait for dip to buy again.
#MU_Traders
As we analyzed $BTC chart previously on 1D TF, it's price dropped to $98k and then bounced UpTo $103K. Now it's trading at $105,600. Let's analyze chart and try to check what can happen next!
Look on #BTC 4H TF chart looking like it will reject from this trend line. Here is why?
There is no much liquidation on up side so #bitcoin can retrace to liquidate late longs.Second reason is trend line resistance. Volume is increasing in shorter TF but not much movement showing selling from Smart money.
To calculate to which point it can drop we will use FIB retracement tool. According to that most interested buying zone can be $95,150 - $97,000. Also there is last high that #Bitcoin break to shift character can also act as magnet 🧲 area and will help #BTC☀️ to reverse trend from there.
In short words #BTC☀ can move in downward direction UpTo $97K - $95K. So be carefull. Book profits and wait for dip to buy again.
#MU_Traders
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