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BTCUSDT 4H | Bitcoin price overview: Flat

BINANCE:BTCUSDT   Bitcoin / TetherUS
Today's situation in the bitcoin market tells us that the bullish move has weakened and the price has entered the wide flat - $6,900 - $7,200 between the nearest support and resistance zones. Only after exiting it up or down we can talk about the continuation of the uptrend, or about the formation of downtrend.

In the above range, we do not recommend forming a long or short position. At the moment it is better to stay aside and wait for more defined signals.

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Comments

here is what I have on btcusd from a MTA standpoint
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As long as the price is above $6,950 we remain in the uptrend on the daily chart.
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