#BTC/USDT 6Hr UPDATE BY CRYPTO SANDERS
Hello, welcome to this BTC /USDT 6Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced back with a decent stable volume after clearing stops below the order block. Now it is facing mid-range resistance.
A reclaim over the mid-range with a retest above it would confirm a decent bullish rally in the market.
If it rejects from here, a downward move is expected toward the horizontal support of $16K, and from where we could expect an upward direction in the market.
Bitcoin is again testing the resistance area. Let’s wait to see if BTC is able to break the resistance area. There is no clear direction and we may see more sideways movement. The market needs big positive news to break the resistance levels.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced back with a decent stable volume after clearing stops below the order block. Now it is facing mid-range resistance.
A reclaim over the mid-range with a retest above it would confirm a decent bullish rally in the market.
If it rejects from here, a downward move is expected toward the horizontal support of $16K, and from where we could expect an upward direction in the market.
Bitcoin is again testing the resistance area. Let’s wait to see if BTC is able to break the resistance area. There is no clear direction and we may see more sideways movement. The market needs big positive news to break the resistance levels.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Trade active:
BTC first cleared stops below the order block, and now also cleared stops above the mid-range and couldn't able to give close above it.
BTC is trading in a choppy range and clearing short-term liquidity as there is uncertainty and fear in the market. If bulls are unable to provide a solid close above the mid-range, a decline toward the horizontal support of $16K is expected.
BTC first cleared stops below the order block, and now also cleared stops above the mid-range and couldn't able to give close above it.
BTC is trading in a choppy range and clearing short-term liquidity as there is uncertainty and fear in the market. If bulls are unable to provide a solid close above the mid-range, a decline toward the horizontal support of $16K is expected.
