17 March 2024: bitcoin falls today! what's next?
Bitcoin experienced a sudden fall of a few thousands today. It's certainly not surprising given that as price goes higher, the uncertainty revolving it can go higher.
It experienced a higher break above from 67k USD to around 73 to 74k USD. With that, a pullback of around 9k USD is considered fine as long as it doesn't breach 59k to 63k range. If however, it breaches 59k strongly, its price pattern is worrying.
Until then, it pays not to chase higher high. Entry should be at support with stop loss protection.
It's never easy to trade crypto and high beta stocks.
As always, this should not be construed as any investment or trading advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Hopehope赋予希望·03-17okLikeReport