Bitcoin must exhale before further growth
Let's take a look at what we can expect from BTC for the following days:
From $ 9,000 support has become a resistance that the bears will guard
At $ 8400 we have a very important bull support zone, the following support is much lower at $ 7500
BTC is under MA200 which is another bearish mark, the next EMA300 support is at $ 8536
If we close below $ 8,500 today, it will be a strong bearish signal
Watch for two important areas: $ 9,000 to revive the bulls and $ 8,500 which, if we break through the bears, will gain a clear advantage
Trading tips:
LONG orders around 8400$ - 8500$ SL 5%
SHORT orders around 9000$ - 9200$ SL 5%
From $ 9,000 support has become a resistance that the bears will guard
At $ 8400 we have a very important bull support zone, the following support is much lower at $ 7500
BTC is under MA200 which is another bearish mark, the next EMA300 support is at $ 8536
If we close below $ 8,500 today, it will be a strong bearish signal
Watch for two important areas: $ 9,000 to revive the bulls and $ 8,500 which, if we break through the bears, will gain a clear advantage
Trading tips:
LONG orders around 8400$ - 8500$ SL 5%
SHORT orders around 9000$ - 9200$ SL 5%
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