Today June 26th, 2021
Bitcoin retested 30k twice since May 23rd, 2021 today June 26th, 2021 and rebound up to 31k. It seems like the market is not moving a lot from May up to date. Overall, the crypto market is in consolidation. In my own opinion, the Buyers found the entry point once again as BTC flipped down to 30k with a loss of 1% in the past 24h. Bitcoin has been posting by me that it will no go down below 30k this month.
Today, it's gained the bottom and momentum where the sellers have to consider wonder if it will continue to go down or to cut the position. The Stochastic RSI 14 in 24h confirmed the oversold to buy in case they miss the dip at 28k.
Actually, the Bitcoin price is at 31,6k, and prepare to move up. Probably, within two weeks bull cycle hit 42-43k. However, the Market has always a reason to move where it wants to. There is no perfect analysis while the manipulators control the market.
Myself, I have an open position at 31k in expecting a profit on half July 2021. Since I discovered and observed the Crypto market trend I don't doubt nor stress out to put the buy/sell order and cut the position. I don't play with the average. I am with a stop-limit order.
Disclaimer: It's not financial advice in any investment.
Happy trade everyone.
Looks like a good entry point.
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