Profit booking form higher level- Long view is still positive

16 בינו׳ 2021

Bitcoin has seen selling pressure from recent highs of 34 K followed by strong bull counter attack, It seems initiation of Impulse wave is round the corner if the price moves up and remains above 33700. those with existing position can hold as per their risk reward appetite, looking at volatility a deep stop loss of 22500 can be maintained. Fresh entry can be avoided till resistance is not breached.