BTC MID-TERM UPDATE
The left part shows the 1W Bitcoin chart and the right part is about 1D one.
The left chart perfectly represents a strength of the $26,950 zone. All the weekly candles since the beginning of March were closed above this level. Bulls are doing their best to save it.
The right chart shows a local picture where we can see a long consolidation above this support level. That's why we are not worrying right now.
Outcome: as long as the price remains above the $26,950 — we are safe. Don't enter any margin position, there NO TRIGGER for it. In case of breakdown, just set up spot buy orders in the $24,000 - $25,000 zone.
There are chances that you will not have an opportunity to buy Bitcoin at such low price in the near future.
