In the 4-hour time frame, BTC is at a crucial point. It has broken the triangle in this particular time frame and has recently tested the support. BTC has pumped due to Elon Musk's tweet and trying to break the 35k-35.5k resistance which it has failed to break in this week. It seems like Elon is trying to help BTC in moving up in the coming week.
If it breaks 35.5K resistance, we can see a rally to the 36k-36.5k resistance in the coming week.
My Analysis..
As the weekend is approaching, we shouldn't take risks and wait for some dip. Take a bag of USDT along with you and remember this basic concept, ''BUY THE SUPPORT, SELL THE RESISTANCE''. Also, buy BTC with 50 percent of your capital when RSI is between 40-45 in a 4-hour time frame and 100 percent of your capital when the RSI is between 20-30 in a 1-hour time frame.
If it breaks 35.5K resistance, we can see a rally to the 36k-36.5k resistance in the coming week.
My Analysis..
As the weekend is approaching, we shouldn't take risks and wait for some dip. Take a bag of USDT along with you and remember this basic concept, ''BUY THE SUPPORT, SELL THE RESISTANCE''. Also, buy BTC with 50 percent of your capital when RSI is between 40-45 in a 4-hour time frame and 100 percent of your capital when the RSI is between 20-30 in a 1-hour time frame.