BTC is approaching strong support around the 6900 level, which, if broken, would almost certainly spark a large selloff. The RSI is nearly oversold on the daily and looks like it would become oversold upon reaching the 6900 level. I tend to favor a bullish sentiment on support lines and bearish on resistance. Here, until the 15-week symmetrical triangle is broken, the range is still healthy. Symmetrical triangles can be continuation or reversal patterns. The last symm triangle BTC had was in April, which ended with a short squeeze reversal and 1,000 breakout.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.