Hello traders, here's a quick update on BTC in 8 hours timeframe.
After the last drop to $25.6k, BTC has managed to stay between $26.5k to $27.5k. With BTC holding a support level of $26k, we can expect the next move toward the bullish side ($28.5k). Note: This move will be valid only if BTC manages to hold the $26k support level.
Entry: $26.5k to $27k.
Invalidation point: Candle close below $26k.
Target: $28.5k.
Trade safely.
After the last drop to $25.6k, BTC has managed to stay between $26.5k to $27.5k. With BTC holding a support level of $26k, we can expect the next move toward the bullish side ($28.5k). Note: This move will be valid only if BTC manages to hold the $26k support level.
Entry: $26.5k to $27k.
Invalidation point: Candle close below $26k.
Target: $28.5k.
Trade safely.
