#BTC/USD Quick Update
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin is still consolidating below the crucial $17000 resistance as we expected since our previous analysis.
As we can see in the chart, The upper trend line is a crucial resistance area for us. Bitcoin couldn't break it till now except for one fake out!
We can't expect any rise until another break out of this resistance.
So, Our priority will remain Bearish, and we can expect further price crashes in the next hours/days.
So all eyes are on the critical levels indicated on the chart.
We have important economic NEWS on Friday that can impact the path for the next week:
US Core PCE Price Index m/m at 1:30 pm (UTC)
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin is still consolidating below the crucial $17000 resistance as we expected since our previous analysis.
As we can see in the chart, The upper trend line is a crucial resistance area for us. Bitcoin couldn't break it till now except for one fake out!
We can't expect any rise until another break out of this resistance.
So, Our priority will remain Bearish, and we can expect further price crashes in the next hours/days.
So all eyes are on the critical levels indicated on the chart.
We have important economic NEWS on Friday that can impact the path for the next week:
US Core PCE Price Index m/m at 1:30 pm (UTC)