Bitcoin / Tether US

BTC Make or Break Zone ❗️ Analysis #26/50

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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

BTC is still struggling around the 25,000 resistance zone.

Here is what I am waiting for:

📈 on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000

📉 on H1: Right Chart
Meanwhile, the 25,000 is still acting as a resistance zone.

If we break below 24,000 then the bears will take over to start a correction till around 22,400

Which scenario do you think is more likely to happen? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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