Bitcoin - False breakdown ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good afternoon, traders! Less than 12 hours left before the week ends!

Lateral movement continues in a very narrow range, usually the longer the range narrows, the stronger the movement.

Key levels: Resistance 9800, 10500. Support 8600, 7600, 7200.

Price Action: If the price remains below 9800, we will see the fixation of false breakdown on the weekly chart.

Trading idea: Gradually gaining shorts at the levels of 9600-9800, I expect a fracture of the growing trend. Stop 10500.

My last review of June 2 here:

Like it, I will be very pleased!
Zeal is the mother of luck

Yours faithfully,
Klinkov A

💰 4000$ на депозит Bybit -

🔷 90 000 SHIB на Huobi:

💰 4000$ к депозиту на BitGet -

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.