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BTC formed a doji this morning and is trading sideways near the lows
BTC is in a descending converging triangle pattern. As time passes, 7.54 and the descending trendline are converging, showing signs of a rebound
BTC has retested 7.54 several times, and the candlestick bodies have not broken below it, so support is holding for now
Resistance is above 7.65. Support and resistance have switched roles. A bullish rebound is only likely if the price breaks above 7.65 and holds; otherwise, expect continued narrow-range trading
Weekend liquidity is low, so it's best to watch less and trade less. I don't recommend taking early long or short positions, as the price range is around 1,000 points. Only go long with the trend once the price breaks above 7.65 and holds
If you're stopping by, please follow, like, and comment—it's the greatest support you can give me. Much appreciated! The information above is for market analysis only and is not intended as a basis for executing trades;
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