Hello traders, welcome to this hourly update on BTC.
Update: BTC has been well maintaining the support level in a higher TF and in a shorter timeframe, it is going sideways forming a symmetrical triangle. I would still consider $18k to $18.5k a good support level for BTC. We may see some big moves in the market soon and I would prefer a bullish move. We are close to the weekly close and this time a weekly close above the $19.5k will be good for the market.
What do you think about the current market scenario?
I'll update more on it soon until then trade safely.
Update: BTC has been well maintaining the support level in a higher TF and in a shorter timeframe, it is going sideways forming a symmetrical triangle. I would still consider $18k to $18.5k a good support level for BTC. We may see some big moves in the market soon and I would prefer a bullish move. We are close to the weekly close and this time a weekly close above the $19.5k will be good for the market.
What do you think about the current market scenario?
I'll update more on it soon until then trade safely.
