BINANCE:BTCUSDT   Bitcoin / TetherUS
Technically: locally BTC in the downward channel . There is solid support near the lower boundary. I expect a rebound to the middle line of the channel. There is a strong resistance around 38.2% Fibonacci levels.

Fundamental News:
1. Biden's announcement of a new stimulus package of $3 trillion, respectively, a little of these funds should go to a non-inflationary instrument - Bitcoin .
2. Elon Musk with Tesla cars for Bitcoin .
3. Acceptance of Bitcoin all over the world by big players. This correction only plays into their hands for accumulating more volume .

Best regards EXCAVO

Comments



my idea
+9 Reply
@ARIATRADES dont stop dreaming 🐥
+3 Reply
This looks like a great ABCD pattern. 'A' starting at the 100% fib - 43,038. Running up to a high of 62,026. Taking the difference here I am seeing a price target of $72,000 from this pattern. If we break between the low, then this is a bearish move in correlation with its divergence like @Sobhan_23 's post below
+5 Reply
4th fundamental : today expiers some btc contracts
+5 Reply
jakubstary anishokmran
@anishokmran, TRUE DAT!
+1 Reply
thank you..!!
+4 Reply
As the moves are in three waves, they may be a part of a diagonal structure
+3 Reply
with the expiry of the options tomorrow, let's see what happens! it's the biggest in history! I hope this analysis plays out! Thanks for your great work!
+3 Reply
Gunslinger2005 Djawad_Afsharirad
@Djawad_Afsharirad, last time the biggest options expirery also had expectations... then didnt do a much
+1 Reply
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