BTC Trading Range - Potential Short?
- BTC current trading between 49000 and 51000
- The same pattern has occurred previously which, was followed by a hard drop
- I am expecting it to do the same since the overall direction for BTC is in a downtrend but will need to wait for a strong confirmation
- Once the weekdays start and strong buyers push it in to bring it up to 52000, I will look to go long but in the current market state, I am expecting a bigger correction to occur
- The same pattern has occurred previously which, was followed by a hard drop
- I am expecting it to do the same since the overall direction for BTC is in a downtrend but will need to wait for a strong confirmation
- Once the weekdays start and strong buyers push it in to bring it up to 52000, I will look to go long but in the current market state, I am expecting a bigger correction to occur
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