Key levels for Bitcoin

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Fate of Bitcoin will be determined soon.

Volatility has been decreasing and the range is getting tight.

Volume has been decreasing as well indicating a move shall be determined soon.

Bull case
- Break and close above 6948 would indicate bullishness
- Need a catalyst to fuel the uptrend

Bear case
- Break and close below 6130

Now we are in a very tight range and no clear trend determined, thus trend trading is not ideal to be in any position and shall wait for further confirmation to determine a direction.

Historically crypto best quarter is Q4. Will history repeat itself?

註釋

bubububububulishhh

註釋

further analysis: big difference in Bitmex and Bitfinex prices due to tether fud. Shall remain patient and let the dust settle and wait for a clean break on all btc charts before being full bullish.