Establishing Support and Resistance on BTC (Medium Term)
Hello,
We are seeing a sideway movement. Currently seeing a triple bottom on the 4H candle.
BTC is respecting the resistance and support but volumes aren't looking that strong right now at 46K which might indicate a further dip towards 43-42k zone..
As long as we do not break the daily candle below 45K we remain bullish with BTC. If however we do break the 45K support on daily chart we might see bears taking over.
For now set alerts on critical zones before you make a decision.
We are seeing a sideway movement. Currently seeing a triple bottom on the 4H candle.
BTC is respecting the resistance and support but volumes aren't looking that strong right now at 46K which might indicate a further dip towards 43-42k zone..
As long as we do not break the daily candle below 45K we remain bullish with BTC. If however we do break the 45K support on daily chart we might see bears taking over.
For now set alerts on critical zones before you make a decision.
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