BTC/USDT The Crypto King in a Closed Range! What next 👀

28 בספט׳ 2023

💎 Yello Paradisers! Let’s delve into Bitcoin, the monarch of crypto! We’ve observed it trading in a confined range, sandwiched between the weekly and monthly levels.

💎 We are looking at two plausible scenarios here. In the first one, it could directly retest the weekly resistance, face rejection, and then resume its bullish journey from the monthly support zone. The second scenario could see it breaking the monthly support and initiating a downward move to the bullish OB level.

💎 Surprisingly, we’ve noticed almost negligible volume it’s nearly dormant! This suggests a higher probability of a downward shift unless and until there is a resurgence in volume.

💎 Always trade with caution and use proper stop-loss measures! Keep a close watch on volume and market movements!