The BTC holds well and CME GAP confirms its role
Let's look at what the technical analysis sees and what the trading tips are:
The bulls have pulled out the BTC 2 times today and partially confirmed support at the price area $ 7k
But the bears will try it a few more times to really make sure the BTC has a strong defense
Following hours and days will be more important for bulls, because have the chance of trying to overcome $ 7500 again
If bears beat BTC with big sales we can go sideways for a few days, and after they will test support at $ 6500
Trading tips:
OPEN SHORT in area 7400$ - 7500$ with stop loss at 7550$
OPEN LONG in area 6950$ with stop loss at 6890$
The bulls have pulled out the BTC 2 times today and partially confirmed support at the price area $ 7k
But the bears will try it a few more times to really make sure the BTC has a strong defense
Following hours and days will be more important for bulls, because have the chance of trying to overcome $ 7500 again
If bears beat BTC with big sales we can go sideways for a few days, and after they will test support at $ 6500
Trading tips:
OPEN SHORT in area 7400$ - 7500$ with stop loss at 7550$
OPEN LONG in area 6950$ with stop loss at 6890$
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