As we can see on the graph, two major support zones for BTC on macro levels are 6,5k and 3,8k. Btc bounced almost 20%, and the buyers showed up fast.
The next crucial resistance zone for BTC is 8,1k, which you can clearly see on the VPVR. When we zoom in on smaller time frames, we can see that BTC broke out of the iH&S formation, with a target of 8,1k~
The ideal entry would be the neckline retest around 7,3-7,4k with a first target to 8,1k~.
Comment
⋅
Comment
⋅
Almost perfect neckline retest, bearish volume really low so far
Comment
⋅
One more reason for being bullish, total crypto market cap retested perfect levels