Breaking down today's market moves, it seems the bulls took their profits early in the London session. Despite a current downtrend since the London open, don't worry if you missed the initial bull run – the market is poised for necessary corrections. As I await key releases this week, starting with the impactful FOMC meeting, I'm on the lookout for an entry point....
Now bitcoin trading at 41,300 price , it’s easy to go 42000-4300 now.
But we can see btc at 38,000 asap, then it will hit 46,000 prices.
So now maximum weekly range is 42000-43000, then you can short it 38000 limit.
Bitcoin Technical Overview:
Day Trading Range: $6230 - $6665
Key Resistance: $6530 - $6580 - $6630 - $6665
Key Support: $6410 - $6330 - $6220 - $6150
Technical Indicators:
MACD: Indicator shows Bullish Divergence but still did not get Bulls Power Volume.
Moving Avg: SMA200 ($6665) strong resistance for the day and next resistance SMA100 ($6861).
Overall,...
