BTC/USDT Possible short-term movement

Hey colleagues and friends

First of all Happy New Year to every one of you! New year means new opportunities for growth so let's start with Bitcoin and what do we see that might happen with it in short-term.

With new year we see that price should reach EMA zones and we are 99% sure about this but what will happen after that? Well reaching EMA zones we have two possible scenarios there:
First: We secure this zone and go for bullish movement towards $17350 where we might get some sort of resistance and after that possibility for going for that $18300 zone
Second: After reaching EMA zones we might be looking for some short positions where we need to monitor candles movement and if any confirmation from candles would come about bearish movement then we good to short!

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.