#BTC Bitcoin spiked down through the 1h Bollinger Band and parallel channel line overnight, and is currently retracing to test the midline. Given that the larger trend remains in a downward channel, a narrow-stop short strategy can be considered. However, if it stabilizes above the key 94000 level, be sure to protect profits and switch to a long position.
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#BTC Bitcoin spiked down through the 1h Bollinger Band and parallel channel line overnight, and is currently retracing to test the midline. Given that the larger trend remains in a downward channel, a narrow-stop short strategy can be considered. However, if it stabilizes above the key 94000 level, be sure to protect profits and switch to a long position.