#BTC
Look, the price is currently
above the descending
trendline, which means that the primary
priority now is
upward. However, I don't see sufficient
volumes and activity, so first and foremost, I'll keep in mind that the narrow
flat range will
continue (thin dotted zigzag).
If volumes appear in the current area above
$29k, then the priority will remain
upward, even locally, and it is worth
continuing to expect
growth.
If the price goes
down below $29k and we see absorption of this level, then we can expect a local
downward movement, but it will still be a
correction, as I mentioned in the previous post.
Any retest of the lower supports down to
$27k ($26900) is a
bullish retest.
Absorption of this level can lead to a decline to either
$25k or
$20k, so I will probably be adjusting my orders accordingly.
Regarding long positions, my
targets are at the minimum of
$31k, followed by
$32k and
$33k. It will be difficult to break through this price zone.
https://t.me/Crypto_Futures_Trading
