Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC now trading above 50MA in 1d Time frame found support at 7131 - 7500 region and possible to look for another 2nd lower lows if BTC pullback at 7878. We can see this Blue trend line support must hold this support trend line to continue rally upward. Possible once BTC reaches up to the next target at 8503.5 region there will have a strong resistance of 200MA around 8600 - 9000 BTC might reject at this point.
Priority - Long Support and resistance: S - 7300 -7500 R - 7800 - 8200