*** Nothing here is financial advice just my observations ***
Currently, BTC has shown signs of temporary exhaustion. Time will tell if this is a healthy retracement or the beginning of a bear cycle.
We are currently in an ascending triangle on the 1H TF. 48,500 was a support turned resistance, fingers crossed BTC price action can bring the bulls out to flip it back to support.
As always remember to have a plan regardless of the direction the market takes!
May the Crypto Gods be with you!
Currently, BTC has shown signs of temporary exhaustion. Time will tell if this is a healthy retracement or the beginning of a bear cycle.
We are currently in an ascending triangle on the 1H TF. 48,500 was a support turned resistance, fingers crossed BTC price action can bring the bulls out to flip it back to support.
As always remember to have a plan regardless of the direction the market takes!
May the Crypto Gods be with you!