#BTCUSDT Short term Technical Analysis

8 Feb 2022

Bitcoin is bullish again.
Since we got a close above 42k.
The next Resistance is around 46K where we have already seen some rejections at $45.5k.
Probably some retests to the lower 40ks and then we go up to $46k.
Just keep in mind the $38.8k level has not been retested yet, It doesn't have to be retested if you ask me.
We have seen many times BTC breaks the basic rules of TA. If it does, that could be the best buying opportunity if you are hedged.
Also, the USDT dominance has already got some rejection.
The retest would provide us with some buying opportunities in Altcoins and BTC as well.

What do you think?
Do hit the like button and share your views in the comment section.

Thank you


#PEACE

8 Feb 2022

Dagangan aktif

Levels to watch in ltf, best buy zones are the yellow boxes.
Keep an eye.