✴️ BTC Update
Guys, I'm starting to like more and more of the 65% fibonacci level, look how he got hit with the pips on the candle yesterday. So the BTC has rebounded almost 4% on the 7625 level and is currently trading at 7898.
However, the daily technical situation is still negative, while the 4-hour technical indicators are more in favor of a bigger rebound.
📈 Trend followers?
Positive on a daily basis, it remains negative in 1h and 4h.
👉 What can be done about it?
A rebound towards 8200 is undoubtedly possible, and a retest of the monthly open at 8500 is not impossible either. However, I will wait to see the reaction around these levels before possibly opening a short position.
💹 Altcoins
I would say that in the last 24 hours, the majority of the Altcoin market is in the red according to Tradingview. Nevertheless, the dominance of the altcoins has rebounded on its support zone, which is good news in anticipation of a bullish wave.
Stay safe guys! 😉
Guys, I'm starting to like more and more of the 65% fibonacci level, look how he got hit with the pips on the candle yesterday. So the BTC has rebounded almost 4% on the 7625 level and is currently trading at 7898.
However, the daily technical situation is still negative, while the 4-hour technical indicators are more in favor of a bigger rebound.
📈 Trend followers?
Positive on a daily basis, it remains negative in 1h and 4h.
👉 What can be done about it?
A rebound towards 8200 is undoubtedly possible, and a retest of the monthly open at 8500 is not impossible either. However, I will wait to see the reaction around these levels before possibly opening a short position.
💹 Altcoins
I would say that in the last 24 hours, the majority of the Altcoin market is in the red according to Tradingview. Nevertheless, the dominance of the altcoins has rebounded on its support zone, which is good news in anticipation of a bullish wave.
Stay safe guys! 😉