Shved126

BTC: Awaiting $52k Breakout for Shorts

Long
INDEX:BTCUSD   Bitcoin
BTC is approaching a local level with diminishing volumes, indicating a setup for a breakout. I expect the price to reach the $52,000-$53,300 range, after which I'll start considering opportunities for opening short positions. This moment could be pivotal for traders looking to capitalize on a potential pullback after reaching the specified range. It's crucial to watch for additional signals and confirmation of the downward trend before entering the trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.