BTC break through the daily symmetrical triangle, can we call here the bottom?
BTC breaks through the big daily triangle at 2 a.m, and touched the key support of 9323. You can find that this support has been repeatedly tested three times before. The same support is tested several time tend to break through. At 2 o'clock in the morning, the BTC broke the support and fell to 8000.
Finally, it stabilized in the 8600-8700 range.
The current weekly Fibonacci pressure is at 9323 and 8498.
Support is at 7231, 5663
H1 Fibonacci pressure levels: 8505, 8777, 8968, 9158
Support level: 8159
In the early of today, it is rebounding to Fibonacci 0.5 points, 8968, trying to break through, and fell again. If today or tomorrow, BTC can't successfully break through the 8968 resistance, there is a good chance to break the previous low 8159.
Personally, I think BTC is going to retrace back to in this range.
And try to break through the 8000-8500 range to 7000.
BTC CME future The 6/14~17 gap was closed in this morning and found the short-term support at the daily EMA 200.
At present, we should pay attention to the 5/10~13 CME future gap,
which is currently at the price of 6400~7000,
and has the opportunity to get support on the daily line EMA 800.
Now, the RSI has a serious divergence in the overbought area.
There will be a retrace back to resistance today or tomorrow
Trading tips : The overall trend is still in the downtrend.
Take the short trade in the resistance level I have mentioned above and target the CME BTC future gap that I have mentioned.
In each market, where there are gaps, the market tends close them.
BTC breaks through the big daily triangle at 2 a.m, and touched the key support of 9323. You can find that this support has been repeatedly tested three times before. The same support is tested several time tend to break through. At 2 o'clock in the morning, the BTC broke the support and fell to 8000.
Finally, it stabilized in the 8600-8700 range.
The current weekly Fibonacci pressure is at 9323 and 8498.
Support is at 7231, 5663
H1 Fibonacci pressure levels: 8505, 8777, 8968, 9158
Support level: 8159
In the early of today, it is rebounding to Fibonacci 0.5 points, 8968, trying to break through, and fell again. If today or tomorrow, BTC can't successfully break through the 8968 resistance, there is a good chance to break the previous low 8159.
Personally, I think BTC is going to retrace back to in this range.
And try to break through the 8000-8500 range to 7000.
BTC CME future The 6/14~17 gap was closed in this morning and found the short-term support at the daily EMA 200.
At present, we should pay attention to the 5/10~13 CME future gap,
which is currently at the price of 6400~7000,
and has the opportunity to get support on the daily line EMA 800.
Now, the RSI has a serious divergence in the overbought area.
There will be a retrace back to resistance today or tomorrow
Trading tips : The overall trend is still in the downtrend.
Take the short trade in the resistance level I have mentioned above and target the CME BTC future gap that I have mentioned.
In each market, where there are gaps, the market tends close them.