Quick Update Current market situation: BTC price is current | RosePremiumm

Quick Update

Current market situation:

BTC price is currently trading above the support area marked in red, which is a positive indicator that may indicate a possible bounce and resumption of the uptrend. Currently, the price appears inside a downtrend pattern.

When can I enter?

If the downtrend is broken and a daily candle closes above the $27,800 level, the rise can be expected to continue.

Objectives:

If this scenario is achieved, attention can be directed towards the following objectives:

$29,900
$31,600
$33600

Stop loss:

It is preferable to place a stop loss in case a daily candle closes below the level marked in red in the chart.

General tips :

Trading in financial markets involves risks, so it is very important to consider managing and dividing capital in a way that reduces risks.

Good luck in trading!

https://www.tradingview.com/x/xqSnxfph/

@RosePremiumm