After some good rally in the past few days, BTC broke my daily trendline, BTC broke the structure and double bottom pattern. The 10 and 20 EMA also indicated an uptrend.
BTC hits a major key zone i have marked in yellow. and there is a little retracement. Currently, many traders are taking profit and sellers are in charge. The only key areas BTC could likely fall back too are the 20k and 19k regions as clearly highlighted in the chart.
And if we break the resistance level, i see a move up to the 25k region. But my major concern is the #DXY
DXY
. I feel Dollars would have a minor retracement back up which could crash the market a bit.
What do you think?
BTC hits a major key zone i have marked in yellow. and there is a little retracement. Currently, many traders are taking profit and sellers are in charge. The only key areas BTC could likely fall back too are the 20k and 19k regions as clearly highlighted in the chart.
And if we break the resistance level, i see a move up to the 25k region. But my major concern is the #DXY
DXY
. I feel Dollars would have a minor retracement back up which could crash the market a bit. What do you think?