buy
Bitcoin bullish retest setup after trend break
Bitcoin could pull back toward 114.8k from here. The trend has been broken, so at minimum I expect a retest before deciding on the next move. If it breaks higher and closes a bullish candle, I would consider going long.
Source available for registered users Sign Up Free
Analysis
Current context shows BTC in a corrective phase after breaking the prior uptrend. The immediate path likely includes a retest of the broken trend line or nearby resistance around the 114.8k level, whi...
Recommendation
If BTC holds the 114.8k retest and prints a strong bullish candle close, enter a long position with a defined risk level just below the retest. Set a stop below the retest area to limit downside in ca...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.