After retesting the support area 20,000, the mother of digital currencies, Bitcoin, rose in a strong, violent wave, towards the resistance area, 29,000, at which it is currently consolidating and trading casually between the two areas marked in blue on the hourly time frame.
The first scenario: We wait for the price if it breaks the lower area, then we wait for it to be retested to search for selling opportunities, and we expect a bearish wave.
The second scenario: If the price penetrated the upper and resistance areas upwards, we will wait for a re-test to look for buying opportunities and a new expected upward wave.
Saudaramu Ahmad
