An analysis of Bitcoin (BTC) indicates a liquidity sweep, bearish momentum, and highlights a critical support zone, providing insights for market participants.
Key Observations:
Liquidity Sweep: Bitcoin made a sweep of liquidity of the previous Higher High and range below the Resistance.
Sharp Down Move: Following the liquidity sweep, the price experienced a sharp down move, aligning with expectations.
Major Support Zone: BTC swiftly moved into the Major Support Zone of $40,800 - $42,000 and below it.
Bearish Momentum: The momentum is turning bearish, with the potential for a bearish Market Structure.
Critical Support Zone: Daily closing below $43,300 is highlighted as a critical level that could contribute to a bearish outlook.
Key Observations:
Liquidity Sweep: Bitcoin made a sweep of liquidity of the previous Higher High and range below the Resistance.
Sharp Down Move: Following the liquidity sweep, the price experienced a sharp down move, aligning with expectations.
Major Support Zone: BTC swiftly moved into the Major Support Zone of $40,800 - $42,000 and below it.
Bearish Momentum: The momentum is turning bearish, with the potential for a bearish Market Structure.
Critical Support Zone: Daily closing below $43,300 is highlighted as a critical level that could contribute to a bearish outlook.
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.