Bitcoin
Long

BTC update - Sep 4 2024

238
#BTC followed previous analysis and dropped to 55,600 level but since the downward momentum has been weak and the previous 4H candle was a bullish engulfing of 57,130 low, BTC is most probably heading for 59,900 and then 61,100 zones so opening short positions is very risky.

it's important to see BTC's reaction to 61,100 level as well !

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.