Since it was asked in the Telegram chat, I shared this yesterday, and I wanted to share it here as well.
I mentioned that the red box could act as a resistance zone, and after touching this zone during the day, it has started to decline at this moment.
As I’ve outlined in the chart below, the position I would want to BUY in Bitcoin is as follows:
If the price touches the 88-84 range and then reclaims above 91K, I am considering building a long position up to around 120K.
Will the price reach 88-84? I DON'T KNOW!
I'm not blindly placing an order to buy just because it might reach 88-84!
Because, I don't know if that price will push the market higher!
Therefore, it is crucial for the price to touch that region and for us to see a sustained stay above 91K after the touch. If this happens, my confidence in the market will be restored, and I will consider buying Bitcoin and altcoins on both the spot and futures sides.
Wishing you all profitable trades. #MicroStrategyAcquiresBTC #TrumpCryptoOrder #JoblessClaimsUp
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