Hello Traders! Here's my thought on the next move for BTCUSD crypto pair. This market did break above a significant structure level at $45k but failed to sustain the bullishness to turn $45k into support, so we're down again under the same key level and that gives us room to the downside. Hence, i'm currently short on the BTC, waiting for a retracement to further confirm $45k as resistance again before I short.
But things could change really fast on this pair, so it's best to just stay reactive and see how things develop before taking a trade position. DISCLAIMER: Our analysis are not a recommendation to Buy or Sell. It is strictly for educational purposes only.
But things could change really fast on this pair, so it's best to just stay reactive and see how things develop before taking a trade position. DISCLAIMER: Our analysis are not a recommendation to Buy or Sell. It is strictly for educational purposes only.