Lingrid | BITCOIN continues moving SIDEWAYS

BTCUSDT market overall is moving sideways. On the dialy timeframe, the market formed an engulding candle. I think the market might push down to these support levels. The support zone at 60000 and 61000 has held price for a long time. I think the market may move lower because, if you look at the price action, you can see that the market is pulling back, then breaking through it, forming an impulse move. I expect the price to retest the bottom of the range zone level. My goal is resistance at 61000.00


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Comment:

BTCUSDT made a fake breakout at the resistance zone, forming a long-tailed bar. There is a high likelihood that the market will continue moving sideways, testing the top and bottom of the consolidation zone. On the daily timeframe, it formed a Doji indecision candle, which means further consolidating the market. I expect the market to move toward the previous day lows from the resistance and upward trendline. My goals is a support level at 63500.00

Trade closed: target reached:

BTC literally bounced off the entry level and hit the target. 🤑