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BTC
Update April 15
The W weekly frame chart has scanned the liquidity at both ends of the previous week. When the price has not broken through the 60k-72k area, the weekly frame trend is still in the sideway trend, in the sideway it is impossible to predict whether it will increase or decrease further, so in The weekly frame is not dangerous yet!
The D day frame chart, after taking liquidity from the 60k area, will likely rebound to the FVG area at 68-69k. From there we will continue to observe, the situation will be updated as soon as there are changes.
Altcoins are recovering after last week's decline, most of which are divided by 2 or even more. Such adjustments are to shake off small fry and kill all margin positions. Many have returned to the good long-term buying zone, so they are We can just buy more, strict management
GOOD LUCK FOR THE START OF THE WEEK!
Trade active:
Bitcoin was not able to sustain its position above the $66,000 level and is now moving towards the support area. It is expected that Bitcoin may trade sideways for this week. The Bitcoin Halving event is scheduled for 20th April, and we may see some selling around that time. Please ensure you maintain a tight stop loss for all your open positions.
Major Support Area: $59,000-$60,000
Resistance Area: $65,000-$66,000
Major Support Area: $59,000-$60,000
Resistance Area: $65,000-$66,000
The D-day frame chart has continued to sweep the 60k area and there is a buy signal. It can be seen that the price is still within the mother bar candle. Personally, the price will still rebound to the FVG 68k area.
The h1 chart trend is still down, we need to break through 63k to create a choch then we can continue to watch Long, pay attention to the dangerous Poi areas 64k2 - 65k8 to trade.
There are some altcoins that are recovering quite well and still prioritize going long. Some have reversed into an uptrend. Trading always has tight SLs.
WISH YOU A HAPPY HOLIDAY 🍾
💸Bitcoin will undergo its fourth "halving" event in 15 years, expected to take place this Friday, in a market that is experiencing a period of weak prices. This event is expected to attract great attention from the cryptocurrency community and could have a significant impact on the market in the near future.
🏅Experts say that "halving" could be one of the factors driving the growth of the cryptocurrency market this year.