Everyone is #bullish and #btd on #crypto and #Bitcoin . What if the dip is just starting? Based upon structure, there was a confirmed break of structure on the daily $BTC chart on 24/25 April. I am short term bearish and have orders set in the mid $30k area.
DNTUSDC is potentially headed to $0.357 once it clears $0.30 level with a strong close above it. Unless there is major volume to push through the 0.357 level, expect a pullback/retest of $0.30 area.
The pair is still fighting a ton of resistance so I wouldn’t rule out a quick pullback to the area of $0.235. Four hour chartlooks strong and an engulfing bullish...
Assuming DNTUSDC is able to keep the current breakout intact, the next major level is at $0.28. This key level may be tested and rejected before a meaningful break of the level. The level is a major trendline and resistance area.
