Two buying scenarios for Bitcoin
The range of daily supply, which the price is now involved in, can lead to a price drop that you can think about the short position by getting confirmation in the 1-hour time frame and consider the final target in the range of $60,000.
From that area, you can think of scenario number 3, a buy position in the range of $60,000 with a final target of $74,000.
There is a high possibility that Bitcoin will pass through this area, but the price range of 69-70 thousand dollars is the volume of sell orders that can lead to a medium-term drop in the price of Bitcoin. If you have a long position, you can save profit in that area.
From that area, you can think of scenario number 3, a buy position in the range of $60,000 with a final target of $74,000.
There is a high possibility that Bitcoin will pass through this area, but the price range of 69-70 thousand dollars is the volume of sell orders that can lead to a medium-term drop in the price of Bitcoin. If you have a long position, you can save profit in that area.
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