Bitcoin - Picking up momentum to keep falling

The order at price 40,050 was executed, I set a target at price 44,250. We have strong resistance in the 45.5k region, most likely bitcoin is currently picking up momentum to go below 40k.

As long as the price is below 45.5k we are in a bear market.

Bình luận:

Bitcoin remains consolidated, if it decides to go up, the 45,100 should push the price down, we will have the opportunity to open short in that case.
If it decides to go down, we can either have a double bottom at 40k or drop into the 38k region.

Note how the previously placed blue fibo mark at 44,449 worked very well to hold the price.

For now, I keep my portfolio 100% in dollars.

BTC buy orders rearranged:
10% 40,020 (possibility of double bottom)
10% 38,551
10% 38,335

Bình luận:

Fibo support in the region of 38,200 that we have marked on the chart is working well.
The other two buy orders at 38,551 and 38,335 were executed, now wait for a pullback to carry out the sell.

Bình luận:

Bitcoin: $36,000 🚨

Upcoming supports:
35,250 ~
32,000 ~

At the moment I am considering new fund purchases only if the price reaches 32k.