But we need to see more to be able to be confident we have found a low. We can see something similar happened up at $96k. We got a push above the range, on increasing volume... but its stalled, ultimately falling back into the range and heading to new lows. Two levels that determine where we go. Over $74K+ = $88k Back into the range = potentially a low seep I will look for longs on a reclaim of $74k and shorts if we accept back below $72k. Keep it simple.
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Bitcoin looks impulsive here.
But we need to see more to be able to be confident we have found a low.
We can see something similar happened up at $96k.
We got a push above the range, on increasing volume... but its stalled, ultimately falling back into the range and heading to new lows.
Two levels that determine where we go.
Over $74K+ = $88k
Back into the range = potentially a low seep
I will look for longs on a reclaim of $74k and shorts if we accept back below $72k.
Keep it simple.