In my previous post I explained my bias for BTC gong into the month Of March and April anticipating us ranging between 44-50K before heading lower into the likes of 40-33K. Followed up by a tax season relief period
However, a closer look led me to seeing a slightly different way of how things could play out.
Structure is being maintained very well, which is why Im keeping a short term bullish bias of a final run to the upside. Before we even see the likes of my downside targets, I’d like to see 66K being met first, which I believe THEN BTC could have a shot at the 38K-40K price area once again for a much deeper correction.
On a intraday perspective I'd like to see a tap into the 46K support area once more before a minor continuation to the upside. It would be good to look for signs to enter longs around that area. SL below 42K.
Cheers Ladies and Gents - CB
However, a closer look led me to seeing a slightly different way of how things could play out.
Structure is being maintained very well, which is why Im keeping a short term bullish bias of a final run to the upside. Before we even see the likes of my downside targets, I’d like to see 66K being met first, which I believe THEN BTC could have a shot at the 38K-40K price area once again for a much deeper correction.
On a intraday perspective I'd like to see a tap into the 46K support area once more before a minor continuation to the upside. It would be good to look for signs to enter longs around that area. SL below 42K.
Cheers Ladies and Gents - CB
