BTCUSD Outlook

25 באוג׳ 2023

BTCUSD is at a strong level of support. Price broke the trend line but has not broken structure thus remaining bullish. If price rejects my daily key level and has a bullish engulfing, I will be confident in the buy continuation. For sell, I want price to break below my daily key level, retest the area and close below the candle that retest with a bearish momentum candle or 2 -3 strong bearish candles. If this occurs, I will be confident in the sells. As more data develops I will keep this post updated. I will most likely be looking for an entry on the H4.