Bitcoin / TetherUS
Panjang

BTC looking at 8450 as the first area of resistance.

145
Looking at 8450 as the first area of resistance. Assuming we can break through that, the next major target would be the .382 fib level, around 9540. Here, I would take some profit and reposition myself to continue the current upward trend towards the .5 level, around 11500.

Caution: Watch for Lower Lows and/or Lower Highs as these are bearish signs.
Also keep an eye on your EMAs, if they start to cross, this could also become a bearish sign.

Don't forget to place your SL,

Happy Trading!

Penafian

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