$BTC good long term case BUT where does support form?

2023년 8월 28일

Long term BULL + Short term BEAR case

BTC is once again making a case for BULLS, at least short term.
We'll see what happens.

The 4Hr RSI getting stronger & can be seen on daily charts.
Longer term #BTC is making a GREAT case for bulls. But can take some time.

However, don't be naive. The current area is not the best place for #bitcoin to build a SUPPORT level, 25k much better.
BUT, it can, of course.

These are support levels for BTC to build upon.

For BULLS, 25k is BEST. However, it doesn't kill cause if it goes lower.
23.5k can be satisfied by the trend line.
Gap top is 21k & the Gap bottom is 20k.
Don't think the SUPER LONG TREND is in play, white lines, but who knows.