Today's situation in the bitcoin market tells us that the bullish move has weakened and the price has entered the wide flat - $6,900 - $7,200 between the nearest support and resistance zones. Only after exiting it up or down we can talk about the continuation of the uptrend, or about the formation of downtrend.
In the above range, we do not recommend forming a long or short position. At the moment it is better to stay aside and wait for more defined signals.
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In the above range, we do not recommend forming a long or short position. At the moment it is better to stay aside and wait for more defined signals.
Subscribe to the channel and stay up to date with the bitcoin market analytics!