Hello my comrades
1. As you can see in the bigger picture (weekly time frame)
The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps with several areas of demand.
2. Below is the last support which is between 29920 to 28870. If it is lost, I have to give a new analysis.
3. Most importantly, the dollar dominance chart is approaching its resistance level and this will cause a positive market reaction.
4. Although the level of 34242 has disappeared, the candles are still rising in 4 hours.
We can see a Short squeeze
1. As you can see in the bigger picture (weekly time frame)
The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps with several areas of demand.
2. Below is the last support which is between 29920 to 28870. If it is lost, I have to give a new analysis.
3. Most importantly, the dollar dominance chart is approaching its resistance level and this will cause a positive market reaction.
4. Although the level of 34242 has disappeared, the candles are still rising in 4 hours.
We can see a Short squeeze
Comment:
4. Although the level of 34242 has disappeared, the candles are still rising in 4 hours.
