BTC has been re-testing 10000 today but it seems the market continue to provide additional supply to stop BTC from progressing further. There is plenty of resistant up there including the spike in 2017 as well as 2019. The BTC is currently consolidating between 9200 and 10000 to which breaking on the either way should trigger additional demand or supply. Since the medium trend is to the bullish, so I think the probability will tend to break through 10000 level.
Now it is the best time just to stand in sideline and see if it decides to go up or down. Also check out the volume if it is confirmed on the day of breakout.
What are your take?
Stay safe and healthy~
I'm taking a riskier approach by entering now already before a breakout. It's so hard to catch the breakout unless you place a stop buy order (in which case you could lose a lot if we resist again and come crashing down) or if you're awake and on your device the minute we break 10k. Still, another option is to wait till it breaks 10k and then try and buy on support.
In any case, here is the trade setup I took: https://peakd.com/hive-167922/@hooked2thechain/bitcoin-bears-losing-strength-can-we-break-usd10k
good point, as long as trading along the trend, there probability of upside breakout, imo, will be higher. For me, I set stop buy order for the breakout but I know people will buy on the first retrace after the breakout.