BTC 1D analysis

2023年8月6日

According to the daily positive trend line as you see, in short future we will reach a daily reversal zone(red rectangle) there are two possible move:
1. The price makes a pullback and then starts bullish move
2. The price makes a pullback and then starts bearish move

Note: sometimes pullback doesn't happen and market act sharply instead

In my own opinion bearish move is more probable than bullish but as you know we should wait till the market act and then after confirmation we can persue it to take our profit for low risks positions.

Thanks.