BTCUSDT Perpetual Contract
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BTC - Ranges overview

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We are currently sitting around the lows of the range and we will wait to see how we react in the coming hours and days. The following analysis is to be set in correlation with the previous LINK short idea.

BTC is currently sitting around 29.8K.
IF we deviate the level and start holding above 30K we will have to look for longs
IF we break below 29.8K and hold we will look to target 29.2K.

Price currently capped between 30K-29.8K.

Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice.

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