BitcoinSingkat
BTC Retracement from 99.5k: Where Are the Key Support levels?
Bitcoin (BTC) is currently experiencing a retracement from the 100k resistance level, marking the first time since breaking out from the previous 74k high that it has printed consecutive lower lows on the 4-hour timeframe. A significant ascending trendline (red) has been broken, suggesting a further decline even if BTC rebounds at this level.
However, high-timeframe bullish momentum remains intact, and my custom indicators suggest that BTC can withstand a further decline of 8k-10k USD.
Where might this BTC correction land? Key levels to watch are 89k, 85k, and 81k, along with the descending trendline (green) as solid support. There is also a fair value gap present.
I anticipate a bullish continuation or at least consolidation this December, but as always, traders should remain cautious.
However, high-timeframe bullish momentum remains intact, and my custom indicators suggest that BTC can withstand a further decline of 8k-10k USD.
Where might this BTC correction land? Key levels to watch are 89k, 85k, and 81k, along with the descending trendline (green) as solid support. There is also a fair value gap present.
I anticipate a bullish continuation or at least consolidation this December, but as always, traders should remain cautious.
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.