Long-awaited Bitcoin Halving is here, but be careful !
What does technical analysis tell us?
BTC bounced back from our rendered 1st support at $ 8,400, and was subsequently rejected by the 1st resistance at $ 9000-9150.
This is clear evidence of how it all works nicely if the market is not disrupted by external influences and information.
Bitcoin is still in a period of consolidation, but we can expect a strong fight, because it is very important for the bulls not to lose this level.
If BTC doesn't keep support at $ 8,400, we may look at support 2. in the $ 7,500 area.
Overall, however, we are in the medium to long term to tune for growth, and this is also supported by the surrounding events and the response to the BTC itself and the increasing interest.
Trading Tips
Open Longs between 8400$ - 8180$, SL 8050$
Open Shorts between 9000$ - 9220$ SL 9350, next round in area 9500$
BTC bounced back from our rendered 1st support at $ 8,400, and was subsequently rejected by the 1st resistance at $ 9000-9150.
This is clear evidence of how it all works nicely if the market is not disrupted by external influences and information.
Bitcoin is still in a period of consolidation, but we can expect a strong fight, because it is very important for the bulls not to lose this level.
If BTC doesn't keep support at $ 8,400, we may look at support 2. in the $ 7,500 area.
Overall, however, we are in the medium to long term to tune for growth, and this is also supported by the surrounding events and the response to the BTC itself and the increasing interest.
Trading Tips
Open Longs between 8400$ - 8180$, SL 8050$
Open Shorts between 9000$ - 9220$ SL 9350, next round in area 9500$
