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BTC daily review: Nice move Bitcoin

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Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD bitcoinprice bitcoinusd BTCUSDT BTC btcusdlong
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trendanalysis bitcoin bitcoinforecast btcusd bitcoinprice bitcoinusd btcusdt btc btcusdlong

So we now have three taps of daily demand and prices reacted really well, we have a nice bounce across the board, seen better than average volume on Bitcoin yesterday.

Yesterdays B-word event seems to be a good catalyst to reverse things here.

I am looking at 2 scenarios:
Scenario 1: Bitcoin pulls back here and I will be a buyer with SL below yesterday open.

Scenario 2: Break the downtrend and I will but the pullback and retest of the trendline

For both scenarios, the target will be $36K and $40-$41K

Happy trading


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