Today we will look at the hourly chart. We see that BTC is in the area of the trend line (200 SMA) for the market as well - this implies a return to the growing channel, but there is a second point, we have a previous extremum of 41,500 USD and a return to a full-fledged growth channel, we will see when this price is broken. So far, a double top has been formed with fading fluctuations.
What to do ?
For an investor, a good long entry point is the breakout of the price of 41500 on one impulse.
For traders, you can still focus on the triangle drawn earlier, with trades in its range.
What to do ?
For an investor, a good long entry point is the breakout of the price of 41500 on one impulse.
For traders, you can still focus on the triangle drawn earlier, with trades in its range.