BTC 34.6K vs 33.6K important for LONG and SHORTS
Looks like $34.6K is where multiple resistance levels are formed.
If the price breaks above and retest the resistance as support, expect BTC to skyrocket to the local high.
I'm planning to take a LONG position there, with SL set below the newfound support line.
If BTC falls below $33.6K and validates the support as resistance, I'll take a SHORT position.
Of course, SL set above the new resistance line.
Not financial advise. DYOR!
If the price breaks above and retest the resistance as support, expect BTC to skyrocket to the local high.
I'm planning to take a LONG position there, with SL set below the newfound support line.
If BTC falls below $33.6K and validates the support as resistance, I'll take a SHORT position.
Of course, SL set above the new resistance line.
Not financial advise. DYOR!