TradingView
LA_Designer
Jun 11, 2022 12:57 AM

BTC: Ranging Long

Bitcoin / United States DollarCoinbase

Description

Descending channel on the 4H chart since May 31. Must break above 31K for a potential push to top resistance at 32.3K. There's a CME gap between 34.5K - 35.2K

Strong support at 28K.
Comments
trovakng
What do you think of DXY? DXY needs to tank for crypto to gain some strength.
LA_Designer
@trovakng, Yes, if DXY double tops at 105 resistance and gets harshly rejected then that would be good for the markets. Otherwise, markets will continue to sell off.
More