This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC
On the daily chart, many saw a "breakout" when price broke this 94500$ level. Me included.
However, I must remind you that such levels are in any case subjective interpretations by retail traders.
They indicate where the stop-losses are placed in case of a breakout.
In our case, Bitcoin might as well be in an upward trending range, not visible yet for everyone.
I am currently staying out of any trade on BTC/ETH as the market remains uncertain.
I personally lean bearish because we grabbed the liquidity up to 98k (where retail stops are placed), maybe without a real follow-up from bulls.
Might take a couple of days, but $BTC and ETH don't look that good to me.