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BTC next 48 Hrs Likely Sideways-to-Bearish

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BTC UPDATE 1 HR: We are seeing a fall back down towards 6200 as well as a possible break down to 6K support. The ETH news (bullish info) today is important to the overall cryptosphere, but I feel the longer term bear market sentiment far supersedes that. While we may see the rise to 7K that we have been talking about in the short term, I am not confident enough to bet my money on a few hundred sats with such a bad RRR (Risk Reward Ratio). Above is a chart showing my most likely probabilities, which is sideways and a bit bearish over the next few days. We very well could see a fall through 6K this weekend, and 5.8K has been an important support. If we touch 5.8K we could see a rally, but I will remain cautious.
Nota
We see BTC bouncing off the 15 min RSI oversold a few times over the past week. Will be keeping an eye on this.
algocowboy2030
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Bitcoin (Cryptocurrency)bitcoinusdBTCUSDChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis

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Bitcoin (Cryptocurrency)bitcoinusdBTCUSDChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis
algocowboy2030
Learn to trade like a hedge fund pro. Send me a message if you have any questions.
Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.