#BTC/USD Update +
📊 1D-Frame 📉 S & R 📈 Chart Update
We're so close to the end of an important triangle pattern and #Bitcoin has to choose only one direction.
high Open Interest rate + low trading volume increase the risk of a short or long squeeze as well. So we expect a big move in the short term!
Currently, The positive point is that #Bitcoin did not close any daily candle below the 42000$ till now.
We may start a big rise from here but consider that there is still a possibility of a fast dump to about 36000$ area before a big pump too. especially if we close daily candles below 42000$ support
📊 1D-Frame 📉 S & R 📈 Chart Update
We're so close to the end of an important triangle pattern and #Bitcoin has to choose only one direction.
high Open Interest rate + low trading volume increase the risk of a short or long squeeze as well. So we expect a big move in the short term!
Currently, The positive point is that #Bitcoin did not close any daily candle below the 42000$ till now.
We may start a big rise from here but consider that there is still a possibility of a fast dump to about 36000$ area before a big pump too. especially if we close daily candles below 42000$ support