A few days ago I made an analysis on BTC and talked about the fact that further weakness would lead to a move towards $37k. The move did indeed occur and $37k was hit, but held as support.
Two days ago we had a massive green day for BTC, but sadly the bulls gave everything away a day after. This move created a lower high, which signals further weakness.
For now, the dotted support line is holding. However, I think that the path of least resistance would be for more bearish price action to occur. The overall market is just in a dire state at the moment with little to be excited about.
Bearish targets: 37k - 35k
Bullish Targets: 44k - 46k
Happy trading1
Two days ago we had a massive green day for BTC, but sadly the bulls gave everything away a day after. This move created a lower high, which signals further weakness.
For now, the dotted support line is holding. However, I think that the path of least resistance would be for more bearish price action to occur. The overall market is just in a dire state at the moment with little to be excited about.
Bearish targets: 37k - 35k
Bullish Targets: 44k - 46k
Happy trading1
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
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.