With the return of semi-regular intraday Bitcoin technical analysis videos to my channel, I thought it would be helpful to present a higher time frame overview of this instrument.
I cover the current floors/ceilings for price, support/resistance levels that may not be obvious, attractive downside objectives, and how to react when/if price reaches the $6000 yearly support-turned resistance level.
I also argue that for those looking to get exposure to this instrument or asset class, buying above the old floor i.e. above $6200-$6300 is a better bet than trying to be a legendary trader and timing the bottom.
Thanks for all the excellent feedback and support on the last analysis video. I’d appreciate a similar turnout for this one.