LaszloCryptoTrader

BTC quick consolidation... approx 2 weeks.

BINANCE:BTCUSDT   Bitcoin / TetherUS
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Daily chart shows that we are at the beginning of a short-term consolidation. Expected support between 9500-10500. Current strong resistance 20000.
Due to the high market volatility opening a short position is very risky. Risk/reward ratio not ideal.
Long position might be opened once market bottom is found and accumulation begins. Risk/reward ratio will be much more favourable.

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