#BTC/USD 4H-Frame S & R Chart Update Nothing has chang | CRYPTO COACHING α |BINANCE SPOT & BYBIT FUTURES|
#BTC/USD 4H-Frame S & R Chart Update
Nothing has changed for Bitcoin and the Market since our last updates. The price is still trading in a triangle pattern for 17 days. As we can see, Most AltCoins are still bleeding hard as well and it's not a good idea to enter any long position at least until we break 31000$ resistance.
Breaking out the 30000$ resistance and consolidating above it will be the first positive sign for us.
On the other hand, Until BTC is trading below 30000$, There is a possibility to retest and touch the Weekly EMA200 at about 27000$ level.
We're still waiting to see a real confirmation of market direction reversal to start our trades again.
