Hello dear traders!
In general, the cryptocurrency market is quite optimistic at the moment, the uptrend remains stable on the 4-hour chart. It is currently trading around $70,064, marking a gain of -2.16% on the day.
From a technical perspective:
EMA 34 and 89 provide a bullish bias, strengthening the case for the bulls at this time.
Trend trading is always safe and effective so it would be reasonable if we continue to buy bitcoin.
Key support levels – $70,750, followed by $70,000.
Key resistance levels – $72,000, $72,500 and $73,500.
What do you think? Is it time to seize the moment and ride the bullish wave or do you have a different view?
In general, the cryptocurrency market is quite optimistic at the moment, the uptrend remains stable on the 4-hour chart. It is currently trading around $70,064, marking a gain of -2.16% on the day.
From a technical perspective:
EMA 34 and 89 provide a bullish bias, strengthening the case for the bulls at this time.
Trend trading is always safe and effective so it would be reasonable if we continue to buy bitcoin.
Key support levels – $70,750, followed by $70,000.
Key resistance levels – $72,000, $72,500 and $73,500.
What do you think? Is it time to seize the moment and ride the bullish wave or do you have a different view?
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