BitcoinPanjang
BTCUSD- Inverted Head and shoulder (Buy on dips)
Chart pattern- Inverted Head and Shoulder
Potential reversal zone- $52530.
BTCUSD showed a minor jump of nearly $1000 from a minor bottom of $57477. It hit a high of $58777 and is currently trading at around $58506.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 67% from 30% a week ago.
Technicals-
BTCUSD trades above the short-term moving average 34- EMA below 55 EMA and below the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $57000. Any break below will take it to the next level at $55000/$52500/$50000/$46000.
Bull case-
Primary supply zone -$60800. Any break above confirms a intraday bullishness. A jump to $61800/$63000/$65000/$67000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $750000/$80000.
It is good to buy on dips around $57500-550 with SL around $52000 for TP of $70000.
Potential reversal zone- $52530.
BTCUSD showed a minor jump of nearly $1000 from a minor bottom of $57477. It hit a high of $58777 and is currently trading at around $58506.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 67% from 30% a week ago.
Technicals-
BTCUSD trades above the short-term moving average 34- EMA below 55 EMA and below the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $57000. Any break below will take it to the next level at $55000/$52500/$50000/$46000.
Bull case-
Primary supply zone -$60800. Any break above confirms a intraday bullishness. A jump to $61800/$63000/$65000/$67000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $750000/$80000.
It is good to buy on dips around $57500-550 with SL around $52000 for TP of $70000.
Nota
Any close above $60600 will take BTC to $65000/$67000.Nota
BTC flying 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.