Hello Guys. First trading day of the month.
Today we gonna recap and review BTCUSD (BITCOIN) market movement.
As predicted, the price looking for daily trendline and first-time price rejection. We expecting another retest coming within a couple of days.
As we are still in a solid downtrend, we expect the price will create a swap zone before continuing the downtrend journey reaching a 29k price tag. In upside bias, we looking price solid break on 42k price level and looking for uptrend confirmations continue.
Yellow zone will be our key factor to identify further movement of the price.
Remember, always respect bigger timeframe and dance with the market.
Today we gonna recap and review BTCUSD (BITCOIN) market movement.
As predicted, the price looking for daily trendline and first-time price rejection. We expecting another retest coming within a couple of days.
As we are still in a solid downtrend, we expect the price will create a swap zone before continuing the downtrend journey reaching a 29k price tag. In upside bias, we looking price solid break on 42k price level and looking for uptrend confirmations continue.
Yellow zone will be our key factor to identify further movement of the price.
Remember, always respect bigger timeframe and dance with the market.
