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BTC/USD: long position from support area(4h)
At the moment, the situation for Bitcoin looks like this: the price has broken through the trend line (black) and is currently trading near the upper line of the descending channel.
You can clearly see how the center line of the channel intersects with the support line of the trend line and a strong support zone formed in the past. For me, the best point to buy bitcoin will be the intersection of all three support lines.
I would put a stop loss outside the interest zone.
Take profit at 66800 for medium-term trading.
You can clearly see how the center line of the channel intersects with the support line of the trend line and a strong support zone formed in the past. For me, the best point to buy bitcoin will be the intersection of all three support lines.
I would put a stop loss outside the interest zone.
Take profit at 66800 for medium-term trading.
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