Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be used to look for Bitcoin buying positions in the two specified demand zones
As long as Bitcoin is within the specified range, you can look for buy and sell positions at the top and bottom of the range
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be used to look for Bitcoin buying positions in the two specified demand zones
As long as Bitcoin is within the specified range, you can look for buy and sell positions at the top and bottom of the range
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.