BTC update: Hold?
On the one hand, we're still in a clear uptrend. On the other hand, I can't be too optimistic about the fact we couldn't stabilize above the old all time highs. I would be much more confident if we chilled in a 71k to 73k range. Barely hovering over 69k is weak-ish. Crypto Twitter seems to be generally bearish which I believe is a positive sign: we're near ATH, but not euphoric. Plenty of room for growth.
It's not clear to me whether we're in a 61k - 73k range, or that's some sort of a triangle formation, but it's reasonable to expect some volatility after 09 April. Hopefully, numbers will go up.
1H and 4H are looking weak. 1D, 1W are alright. I bought some more BTC at 63,500 and 62,000, and am not selling yet. However, if we break below 67k, I might consider selling, as this will be a break below the supposed triangle, and 9 & 21 day moving averages.
It's not clear to me whether we're in a 61k - 73k range, or that's some sort of a triangle formation, but it's reasonable to expect some volatility after 09 April. Hopefully, numbers will go up.
1H and 4H are looking weak. 1D, 1W are alright. I bought some more BTC at 63,500 and 62,000, and am not selling yet. However, if we break below 67k, I might consider selling, as this will be a break below the supposed triangle, and 9 & 21 day moving averages.
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