Bitcoin rejects a strong rejection range after hitting the resistance range we set yesterday and enabled the Bull Trap. ✅
📍In 1-hour timeframe, as mentioned earlier, due to NFP after the stop-hunt floor, it is going up the guard in smaller timeframes
But is this increase being permanent or does it just affect the news?
This is the question that gives us the price response in the range of 38,400 to 38,900.
If the price can stabilize above this limit, it promises that it was not just a news candle, and the bitcoin’s next target could be around 41,800.
But if enough purchasing power is in the range mentioned, a support from 35,500 and 30,500 is expected.
⚠️The closing of the weekly candle that took place tomorrow could greatly increase the abnormal market fluctuations.
📍In 1-hour timeframe, as mentioned earlier, due to NFP after the stop-hunt floor, it is going up the guard in smaller timeframes
But is this increase being permanent or does it just affect the news?
This is the question that gives us the price response in the range of 38,400 to 38,900.
If the price can stabilize above this limit, it promises that it was not just a news candle, and the bitcoin’s next target could be around 41,800.
But if enough purchasing power is in the range mentioned, a support from 35,500 and 30,500 is expected.
⚠️The closing of the weekly candle that took place tomorrow could greatly increase the abnormal market fluctuations.