Bitcoin Update on 03.05.2024

5月3日

Bitcoin Update 03.05.2024
A.O.A And Good Morning To All Brothers And Sisters!

Bitcoin Bounced Back As Mentioned in My Yesterday Analysis. Now As I Said Before this Can Be Just A Retracement. And At The End of Today Bitcoin Can Reach Our Weekly Reversal Point.(Red Arrow Path)

Second Scenario:
Bitcoin Can Continue up To Liquidate All Seller And Then Back To Retest Our Weekly Area. But 60841 is Very Key Point And Thats Why I Put my Stoploss On sell Trade There. If Price Break That Level then Go Up. Otherwise Reverse Before Hitting Stoploss.
Lets Check Which Scenario Follow Bitcoin.

Wish you all Very Nice Day