Update and projection for $BTC !
Good morning Nation Crypto!! Today we can work on the importance of having established reaction levels.
At the time, we prioritized shorts in the 73800 zone. The price did not reach by 200 dollars, but the zone was reactive. Secondly, our operational axis was the 71,200 +- zone which was validated and reacted excellently.
After retracing, the price reacted in the zone, giving a poor impulse, tested again and was finally breached, what did it do next? It validated from below, acting as resistance.
This zone allowed us to understand the movement and know what could happen. (attached capture)
Next, the impulse phase needs to correct and that’s why we are looking for Longs in possible reaction zones.
🪙The first zone is at 68,600
🪙the second zone is just at 66,600
If we operate the zone, we must wait for the CLOSING of a period of 1D or 4Hs, expecting a price closure in the zone, with a candle body, not just a touch with a wick like it did a few hours ago.
Always remember to use stop loss, we do not make bets here, we operate a level with managed risk.
Re-clarification: This is an operational map, if the price crosses a level we must analyze the way it did and how it reacts afterward, that gives us clarity to operate.
The Crypto Citizen bids farewell!
I want to announce through this medium that, during the weekend, pre-market analyses and an analysis of global futures metrics will be published for greater understanding.
Have a good weekend