Bitcoin Trading Idea for the Week 19 (BTC/USDT)
Timeframe: 2H to 4H to avoid false signals
Target Zones:
- First Long Target: $61,000 - $61,500
- Second Target: $66,000 (Profit-taking zone)
- Potential Short: Around $65,000
Rationale:
- I expect Bitcoin to first reach the $61,000 - $61,500 range before heading towards the $66,000 zone, where I will take profits.
- A modest short position might be considered at around $65,000.
- ETF flows will also be monitored closely for additional insights.
Trade Carefully!
Target Zones:
- First Long Target: $61,000 - $61,500
- Second Target: $66,000 (Profit-taking zone)
- Potential Short: Around $65,000
Rationale:
- I expect Bitcoin to first reach the $61,000 - $61,500 range before heading towards the $66,000 zone, where I will take profits.
- A modest short position might be considered at around $65,000.
- ETF flows will also be monitored closely for additional insights.
Trade Carefully!