Breakout $28xxx, BTC keep moving on
H1 timeframe
After the breakout of 28xxx resistance, price continues to rise.
As my previous analysis, 28xxx resistance is quite weak, the high rate of BTC will breakout because it is currently in a mid-long-term uptrend.
28xxx turned into short-term support.
Price forms Running Flat, creating a short-term upside momentum for BTC, targeting around $31000.
Stop loss $27500, If BTC closes a red candle below this support, there will be a strong correction.
Note:
I said in the previous update, all positions after 18xxx and 24xxx are short trade positions, you should actively take profits, BTC can crash strongly any time, that is a good position to buy.
After the breakout of 28xxx resistance, price continues to rise.
As my previous analysis, 28xxx resistance is quite weak, the high rate of BTC will breakout because it is currently in a mid-long-term uptrend.
28xxx turned into short-term support.
Price forms Running Flat, creating a short-term upside momentum for BTC, targeting around $31000.
Stop loss $27500, If BTC closes a red candle below this support, there will be a strong correction.
Note:
I said in the previous update, all positions after 18xxx and 24xxx are short trade positions, you should actively take profits, BTC can crash strongly any time, that is a good position to buy.
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