BTCUSDT 30200 Quick update April 11 2023
Price is now above the 30k range and approaching the 32k temporary resistance.
The next next big resistance after that is 40k at at 0.618fib.
Bulls may not hit 40k in April. The 35-32k could possibly be the sideways correction while waiting for the M close.
But anything above 35k in April is bonus for bulls to secure some profits.
Therefore, must secure profits at 32k-35k-40k and 45k if bulls hit the Q resistance.
Not the right time to be hunting a new ATH based on the 4year Cycle.
Will continue to monitor the mini bull run as we go into the Summer(May/June)
*There is also the Fed meeting (FOMC) on MAY 02 2023. So wont be surprised to see a low volatility in the last week of April while waiting for the Fed's decision.*
Price is now above the 30k range and approaching the 32k temporary resistance.
The next next big resistance after that is 40k at at 0.618fib.
Bulls may not hit 40k in April. The 35-32k could possibly be the sideways correction while waiting for the M close.
But anything above 35k in April is bonus for bulls to secure some profits.
Therefore, must secure profits at 32k-35k-40k and 45k if bulls hit the Q resistance.
Not the right time to be hunting a new ATH based on the 4year Cycle.
Will continue to monitor the mini bull run as we go into the Summer(May/June)
*There is also the Fed meeting (FOMC) on MAY 02 2023. So wont be surprised to see a low volatility in the last week of April while waiting for the Fed's decision.*
