A bounce off the global trend line, going up to $30,000?!
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Let's go through the technical part:
Bitcoin at the moment tested the global countertrend line and showed a very good rebound, but can this mean that we will still break above $25,300 and see a fix there? So far, I see that the buyer has become very active and we are seeing the complete absorption of all the negative that has poured out in just a couple of days, but we still have a strong fundamental ahead of us - inflation data and an increase in the key rate, where the market will also show maximum volatility, be careful!
At the moment, the price is trying to test the resistance of $25,000-25,300, which is some kind of psychological level; upon breakdown, we can see a strong impulse towards $26,600-27,500
If a correction suddenly starts from the current values, then a strong support level is the range of $22,500-22,800, from which the buyer's reaction may also follow.
While I am watching the market from the outside and aiming to buy coins on the spot, I am temporarily not considering futures positions)
Let's go through the technical part:
Bitcoin at the moment tested the global countertrend line and showed a very good rebound, but can this mean that we will still break above $25,300 and see a fix there? So far, I see that the buyer has become very active and we are seeing the complete absorption of all the negative that has poured out in just a couple of days, but we still have a strong fundamental ahead of us - inflation data and an increase in the key rate, where the market will also show maximum volatility, be careful!
At the moment, the price is trying to test the resistance of $25,000-25,300, which is some kind of psychological level; upon breakdown, we can see a strong impulse towards $26,600-27,500
If a correction suddenly starts from the current values, then a strong support level is the range of $22,500-22,800, from which the buyer's reaction may also follow.
While I am watching the market from the outside and aiming to buy coins on the spot, I am temporarily not considering futures positions)
