Very careful when BTC enters the Red Zone!
We have seen the massive sell-off on BTC but it seems like that after the friday, things are trying to hold after we wicked below 56k level.
Now BTC is trying to hold here and if we hold the structure we will go back to around 63k area which is a very concerning area for me.
This area will decide the future of Bitcoin.
I have marked the complete Red Zone for BTC.
We will need to flip these zones and I'll wait myself to watch for the reaction when we go into the danger zone.
If we fail to reclaim the 53k red zone area we will see BTC struglling and the correction will continue.
Keep eyes and be active when we enter these zones.
Thank you!
Now BTC is trying to hold here and if we hold the structure we will go back to around 63k area which is a very concerning area for me.
This area will decide the future of Bitcoin.
I have marked the complete Red Zone for BTC.
We will need to flip these zones and I'll wait myself to watch for the reaction when we go into the danger zone.
If we fail to reclaim the 53k red zone area we will see BTC struglling and the correction will continue.
Keep eyes and be active when we enter these zones.
Thank you!
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