Bitcoin Short Term Trade Ideas

Bitcoin is still quite bullish on higher time frames. On lower time frames, the momentum is down. I am looking at the 59k area as a support level and decision area as this coincides with the .618 fib of the last impulse that also intersects with the LTF bullish structure. If this area holds, then we could see the next impulse possibly pushing Bitcoin up to the 62k area.
If this area breaks, then I would be looking at the 57k area as the next level of support as well as the .618 fib of the current bullish structure.

Dagangan ditutup: sasaran tercapai:

Long target met as expected.