Hey guys, welcome to this BTC update.
BTC bounced back from the support level, not exactly from the support but close to it. If you have entered into BTC at around the $28.8k range then you are around 5% up without any leverage. Currently, BTC has strong resistance at the $30.2k level and if BTC manages to break above this level then we may see some good moves coming in. Rejection will be disappointing but it can give another chance to re-enter at the lower support level ($28k).
I am holding a small portion of BTC and if it gets rejected back to $28k then I'll accumulate more. A rejection and close below $28k will be an exit sign.
Trade safely.
BTC bounced back from the support level, not exactly from the support but close to it. If you have entered into BTC at around the $28.8k range then you are around 5% up without any leverage. Currently, BTC has strong resistance at the $30.2k level and if BTC manages to break above this level then we may see some good moves coming in. Rejection will be disappointing but it can give another chance to re-enter at the lower support level ($28k).
I am holding a small portion of BTC and if it gets rejected back to $28k then I'll accumulate more. A rejection and close below $28k will be an exit sign.
Trade safely.
