Market update-
We have seen incredibly low volumes on Bitcoin over the past few days, particularly with US stocks closed yesterday. On the 4hr chart BTC is slowly grinding up, but we cannot ignore a possible bear flag situation which could lead to a $61k - $60k retest.
There is likely to be resistance at $64.5k if that is tested today, but it seems most likely that the price will chop between $63k - $64k over the next hours. Until $64.5k is reclaimed, the chances of moving lower are high.
We have seen incredibly low volumes on Bitcoin over the past few days, particularly with US stocks closed yesterday. On the 4hr chart BTC is slowly grinding up, but we cannot ignore a possible bear flag situation which could lead to a $61k - $60k retest.
There is likely to be resistance at $64.5k if that is tested today, but it seems most likely that the price will chop between $63k - $64k over the next hours. Until $64.5k is reclaimed, the chances of moving lower are high.
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━━━━━━━━━━━━
🔴SELL or SHORT
━━━━━━━━━━━━
⏱️ Frame:
💰 Currency: GMTUSDT
💵 Price:
━━━━━━━━━━━━
▪️ Status: ✅ Closing Candle
▪️ Volume Strength:
▪️ Trend strength:
━━━━━━━━━━━━
⏰ Time:
━━━━━━━━━━━━
💡 Risk management is the secret of success
🔴SELL or SHORT
━━━━━━━━━━━━
⏱️ Frame:
1h💰 Currency: GMTUSDT
💵 Price:
0.0083━━━━━━━━━━━━
▪️ Status: ✅ Closing Candle
▪️ Volume Strength:
125.0%▪️ Trend strength:
84% (strong 💪)━━━━━━━━━━━━
⏰ Time:
16:02:03━━━━━━━━━━━━
💡 Risk management is the secret of success