Hello, traders!
BTC is once again showing signs of rejection, so be prepared. In the past, we saw a similar situation where BTC was rejected from the same resistance trendline.
The RSI is in the overbought zone, indicating a potential loss of momentum. At this point, we need to be cautious with our leveraged long positions. If rejection occurs, we can expect the price to drop to around $62k, where the 100 EMA serves as support.
For a continued bullish move, BTC must break above the resistance trendline, which could lead BTC towards $69k or $70k.
Key points to watch:
~ Resistance trendline: Rejection is likely.
~ Support level: A rejection could bring BTC down to the $62k support (100 EMA).
~ Bullish continuation: A breakout above the resistance trendline.
Make sure to do your own analysis and research before making any decisions.
BTC is once again showing signs of rejection, so be prepared. In the past, we saw a similar situation where BTC was rejected from the same resistance trendline.
The RSI is in the overbought zone, indicating a potential loss of momentum. At this point, we need to be cautious with our leveraged long positions. If rejection occurs, we can expect the price to drop to around $62k, where the 100 EMA serves as support.
For a continued bullish move, BTC must break above the resistance trendline, which could lead BTC towards $69k or $70k.
Key points to watch:
~ Resistance trendline: Rejection is likely.
~ Support level: A rejection could bring BTC down to the $62k support (100 EMA).
~ Bullish continuation: A breakout above the resistance trendline.
Make sure to do your own analysis and research before making any decisions.
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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.