BTC Long
2024-10-12

Short term sentiment for price trend is upwards after strong bullish action yesterday. ADX confirms this with PlusDI above MinusDI and ADX value at 55 (strong uptrend). 

Price retraced back to demand zone between 62420 and 62000 on 30 min chart triggering long position entry. 

Target resistance area : between 68K and 70K. I maintain my original view still though that price is poised to attack 75K . 