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Everyone settle in, Bitcoin is about to break in this position!!!
Yesterday, the daily chart closed with a long lower shadow and a small bullish candle, but the 76,000 level is stubbornly holding down. It’s never stable above.
Volume contraction and sideways fluctuation are the easiest to deceive.
Either do nothing, or suddenly push higher and then a sharp drop.
Here are some key points:
Above, the 76,000 and 77,500 levels are short positions, just place orders in batches, don’t chase.
Below, the 73,500 and 72,000 levels are the bullish accumulation zones; consider buying when reached, watch otherwise.
The 4-hour Bollinger bands are flattening; if at 4 p.m. the price closes above EMA5, there might be a false breakout to the upside in the evening, don’t get caught up.
There are only two rules for trading: short at resistance, long at support, and set stop-losses tightly.
Sideways markets are most afraid of being caught in a whipsaw; control your hands.
The trend will be decided soon, don’t blame not preparing in advance when it happens!!!
$BTC $ETH $SIREN