for me it looks like some triangle and break below would send price to around 42300 or 41300levels break above would open path to 50k break means 1H close above or below these levels. So at 42300 I expect some bounce back also from 41300 and 40000
also important how fast price approach these levels if you see extremely quick drop to 43700 i mean in few minutes from 45000 then you can enter long and put SL at break even but price must come down quickly if in one hour price come to 42200 then same so its always speed plus support levels this what I notice perfect scenario would be in few hours quick drop to 40000 its round number then huge chane it should bounce back hard remeber perfect entry is this fast drop to strong support levels and always should be strong bounce back. It doesnt mean that if price slowly come to these levels they may become invalidated just in that case price can easy go through these levels without bouncing back. My strategy is find fast drop to strong support wait quick bounce back and put SL to break even, usually in these cases it dont come back and dont destroy SL
So for now I dont know looks neutral need to wait price action I would buy at 43700 if 1 or 5min chart stochistic at that time is below 5 same for 42300 41300 40000 .
we could also miss entry and BTC go to 50K without my USDt depends how you want and how much to risk
also important how fast price approach these levels if you see extremely quick drop to 43700 i mean in few minutes from 45000 then you can enter long and put SL at break even but price must come down quickly if in one hour price come to 42200 then same so its always speed plus support levels this what I notice perfect scenario would be in few hours quick drop to 40000 its round number then huge chane it should bounce back hard remeber perfect entry is this fast drop to strong support levels and always should be strong bounce back. It doesnt mean that if price slowly come to these levels they may become invalidated just in that case price can easy go through these levels without bouncing back. My strategy is find fast drop to strong support wait quick bounce back and put SL to break even, usually in these cases it dont come back and dont destroy SL
So for now I dont know looks neutral need to wait price action I would buy at 43700 if 1 or 5min chart stochistic at that time is below 5 same for 42300 41300 40000 .
we could also miss entry and BTC go to 50K without my USDt depends how you want and how much to risk
Comment:
also this so you see price is at these levels and cant decide what to do look at indexes if bitcoin is near my breakout line wanting to break out and you see indexes just made quick jump up then it good idea to go long