23.3-23.5 is a control level

30 thg 1, 2023

Morning everybody,

BTC now has no technical barriers for upward action to our major 25-25.5K destination point. Its not at overbought and has no Fib resistance levels ahead. Still, we have tough week with multi central banks decision, NFP and other stuff. And some external factor intruding could hurt bullish tendency.

In nearest term, we think we have to keep an eye on 23.3-23.5K area. BTC should not break it down, if upside context is valid. Scalp traders could consider long entry around it and 5/8 level of 22.5K. But for daily traders I would wait for major pullback out from 25 K resistance but not consider long entry right now.