BTC: "Movement is life, and life is movement"!
Hello colleagues!
📊 Weekly BTC/USDT review.
There was a strong rally last week with a new December high.
Now the price is trading in the weekly block zone, but I expect an update at $21,480 this week (there was an update on the Bybit exchange and CME)
and descend to daily zones of interest.
📈Schedule of the day.
With such an upward momentum move, the price rarely provides a good entry.
If you don't enter the root at the start of the momentum, it will be difficult to find a profitable trade afterward.
In any case, it is better to wait than to lose!
At the moment, the price has not decided on a corrective movement. There are enough interesting directions after such growth.
Three major imbalances (marked on the charts) and prices in the discount market, which I will look at to find entry points for the continuation of the upward movement.
And for a deeper correction, the price zone is $17,200.
And remember, we trade in probability!
❗️Not a financial recommendation, before concluding a particular deal, analyze the asset yourself.
📊 Weekly BTC/USDT review.
There was a strong rally last week with a new December high.
Now the price is trading in the weekly block zone, but I expect an update at $21,480 this week (there was an update on the Bybit exchange and CME)
and descend to daily zones of interest.
📈Schedule of the day.
With such an upward momentum move, the price rarely provides a good entry.
If you don't enter the root at the start of the momentum, it will be difficult to find a profitable trade afterward.
In any case, it is better to wait than to lose!
At the moment, the price has not decided on a corrective movement. There are enough interesting directions after such growth.
Three major imbalances (marked on the charts) and prices in the discount market, which I will look at to find entry points for the continuation of the upward movement.
And for a deeper correction, the price zone is $17,200.
And remember, we trade in probability!
❗️Not a financial recommendation, before concluding a particular deal, analyze the asset yourself.
Despite the slow decline, I remain of my opinion that we are now in a distribution phase.
I will consider other options if the price fixes above yesterday's high - $21,650.