BTC find support on daily time frame. A ascending triangle attempting to break above the Fibonacci resistance of 8450.
At present, Bitcoin find support at the daily EMA 200. The short-term support are strong.
The current trend line support really good.
We can set some of long position near the trend line, and will meet the M15 EMA 200 resistance.
After the breakthrough, will meet the 8800 resistance.
There is an opportunity to develop a M head.
We can take profit near the 8800 resistance, and set short position near the resistance.
The daily EMA 200 support, after the retrace, the support will try to break again.
Now the market is extremely bearish, the rate on Bybit reached -0.3%, and will try to return to the resistance level and break the support again.
At present, Bitcoin find support at the daily EMA 200. The short-term support are strong.
The current trend line support really good.
We can set some of long position near the trend line, and will meet the M15 EMA 200 resistance.
After the breakthrough, will meet the 8800 resistance.
There is an opportunity to develop a M head.
We can take profit near the 8800 resistance, and set short position near the resistance.
The daily EMA 200 support, after the retrace, the support will try to break again.
Now the market is extremely bearish, the rate on Bybit reached -0.3%, and will try to return to the resistance level and break the support again.