BTC Update
A Bitcoin full of surprises? Not so much, guys!
In fact, I've been talking to you for several weeks now about the famous resistance zone between 7221 and 7275 and the BTC's inability to maintain itself above it.
A return to the 6800 zone was therefore very likely and that's exactly what we saw at the end of the previous session. Bitcoin therefore scored a higher low at the 6800 level.
BTC is now moving below its resistance zone as indicated by the red rectangle. In order for a rollover structure to take place, the Bitcoin needs to close not only above the rollover but also above the area between 7460 and 7531.
Indicators?
From an indicator point of view, the daily situation shows signs of improvement, while on a 4 hour horizon the indicators have already given a buy signal.
What can be done?
As usual, we will wait for a 4h closing above the 7221 - 7275 zone because we have seen too much rejection around this level. If this level is broken in 4 hours, then we will try to enter on pullback.
Until then, stay safe guys!
A Bitcoin full of surprises? Not so much, guys!
In fact, I've been talking to you for several weeks now about the famous resistance zone between 7221 and 7275 and the BTC's inability to maintain itself above it.
A return to the 6800 zone was therefore very likely and that's exactly what we saw at the end of the previous session. Bitcoin therefore scored a higher low at the 6800 level.
BTC is now moving below its resistance zone as indicated by the red rectangle. In order for a rollover structure to take place, the Bitcoin needs to close not only above the rollover but also above the area between 7460 and 7531.
Indicators?
From an indicator point of view, the daily situation shows signs of improvement, while on a 4 hour horizon the indicators have already given a buy signal.
What can be done?
As usual, we will wait for a 4h closing above the 7221 - 7275 zone because we have seen too much rejection around this level. If this level is broken in 4 hours, then we will try to enter on pullback.
Until then, stay safe guys!
