Hi, crypto traders.
BTC is still in a sideways market now.
Unfortunately, the candle broke 20h (red) line and 80h (blue) line. And at the same timing, 20h (red) line broke 80h (blue) line.
If the candle also breaks 240h (green) line, the trend will be Down Trend.
But if the candle changes to positive and breaks 20h (red) line again, it’s possible to continue Up Trend.
Today, we have to check the following points.
- The negative candle will break 240h (green) line or not
- 20h (red) line will go down and break 240h (green) line or not
- The positive candle will break 20h (red) line and 80h (blue) line or not
If BTC goes up:
1st target is 57,500USD
2nd target is 65,000USD
If BTC goes down:
1st target is 53,000USD (Cross point with 240h line)
2nd target is 47,500USD
3rd target is 46,300USD
Enjoy your trading.