We are in the daily time frame. Bitcoin is stuck in a tough spot and is ranging above the S2 line. It tried to break the resistance zone several times but was not able. Yet it has been supported in the S2 line. We need to wait and see if the price can stabilize above the resistance zone or not. If it does we can set a buy order. If it comes down to the S2 line, we need to wait for the price to be supported there so that we can set a buy order. If the S2 line is also broken then we will have more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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