BTC
2024-12-24
Category: None

We have an interesting situation with BTC.

Monthly candle on the BTC failed to close above the previous high which means it will now move towards the previous lows.

In order to confirm that idea, we have two levels which needs to be broken. If we stay above the previous low than we can head towards 100k or higher for retracement.

Secondly, there are multiple weekly FVG below which will provide strong support

What does this mean. In the next 3 months, we would stay in a range, even we break these levels than the trend would again reclaim its previous lows and head higher that would contribute to side ways movement and alts will fly.