Technical analysis by apexcryptotraders about Symbol BTC: Buy recommendation (6/2/2023)

apexcryptotraders

BTC gaining momentum for a PUSH UP? BTC is currently in a consolidating stage with little momentum and I believe BTC is still bearish as per my current position in previous post below: We have just entered into a month(June) where BTC had been bearish for the past 3 years however my TA is showing some signs that it will bounce at 24k price region as circled in green with 2 major confluence acting as Support/Demand Area. 1. Order Block from mid March 2. Support from descending Channel This is considered as a short-term trade where I will be starting to take profits early and wait for a clear sign that BTC is Bullish before going for a long-term long position. Any clear break above the descending Channel will negate this idea.