Bitcoin bounced from 33000 and went up by almost 17% to 39265 today. It currently has major trendline, horizontal, and ema15 resistance ahead. Closing above 40600 will lead to 44500. Let's see if it will break it or face rejection.
Overall, the market is in no trade zone. I am not taking any trades here until the market chooses a clear direction.
In my opinion, the bounce is a bull trap rather than a reversal. Do not over expose and take high leverage trades here. Do not fomo.
Overall, the market is in no trade zone. I am not taking any trades here until the market chooses a clear direction.
In my opinion, the bounce is a bull trap rather than a reversal. Do not over expose and take high leverage trades here. Do not fomo.
