#BTCUSDT Breakout incoming! Bullish or Bearish?
Hello everyone, welcome to this quick update :-
BTC is trading under the traingle as of now and is successfully holding the 39k level since the breakout.
What matters the most is we need a healthy retracement here.
There's also a CME gap around 38k level.
So this pump could end up being a trap.
Just my opinion!
Expecting breakout in the next 7 to 8 hours.
The direction of the breakout will decide the trend.
Break above the 41k level can take BTC to upper resistance levels around 43k to 48k and eventually 52k.
Breakdown means test of 38k and continue to the upside for 43k to 48k.
In both ways we are bullish.
We wait for the breakout now.
Do hit the like button and share your views in the comment section.
Thank you
Stay safe
#PEACE
BTC is trading under the traingle as of now and is successfully holding the 39k level since the breakout.
What matters the most is we need a healthy retracement here.
There's also a CME gap around 38k level.
So this pump could end up being a trap.
Just my opinion!
Expecting breakout in the next 7 to 8 hours.
The direction of the breakout will decide the trend.
Break above the 41k level can take BTC to upper resistance levels around 43k to 48k and eventually 52k.
Breakdown means test of 38k and continue to the upside for 43k to 48k.
In both ways we are bullish.
We wait for the breakout now.
Do hit the like button and share your views in the comment section.
Thank you
Stay safe
#PEACE
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Broke out!! We all know this already, we need a daily close above 41k!