Bitcoin

XBTUSD , Bitmex , BTC

114
In last Bullish Update we saw a quick Reaction from Bulls after Price break $10765 and it Pumped to $11100, However that was a weekend Pump and just a manipulation to liquidate all shorts, and Price closed daily Candle at $10760, That exactly below the Resistance of $10765, and Hence dropping back to Next Demand Areas. Now we have 2 Possibilities , if Demand Zpne of 4Hr works we go back at least to weekly and Monthly Open ($10550 - $10760) and Breaking of that will leads to $11500 to hit CME Resistance zone. In case we dont hold the $9700-$9850 area, We drops back to Next Daily Demand Area and GAP at CME Futures near $8400-$8300.

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