2 nearest possible scenarios for BTC
Hey friends!
Yesterday was another painful day for bulls 🐂 - the whole market has been bleeding 🩸 Heavy fear has come.
Today is a new day and there are new chances, let's take a look at the chart.
The bad thing is that we felt under 2-years PoC on the level of 38888, this is strong resistance now. The good thing is that above we have a Value Area where buyers accumulated a vast amount of BTC 38400-40700, this area may play the role of a price magnet.
Of course, bears are in the building yet, and we may see an aggressive drop to the next support area of 37100-37300, it depends on the US stock market mood.
Talking about scenarios, we can move towards PoC 38888 during US pre-market time, then we need to keep our eyes on the S&P500 opening, will it gain yesterday's losses or not?
Technicals:
- MACD is gaining bullish momentum
- RSI is heading upwards
- Lot of candles with a long shadows
Yesterday was another painful day for bulls 🐂 - the whole market has been bleeding 🩸 Heavy fear has come.
Today is a new day and there are new chances, let's take a look at the chart.
The bad thing is that we felt under 2-years PoC on the level of 38888, this is strong resistance now. The good thing is that above we have a Value Area where buyers accumulated a vast amount of BTC 38400-40700, this area may play the role of a price magnet.
Of course, bears are in the building yet, and we may see an aggressive drop to the next support area of 37100-37300, it depends on the US stock market mood.
Talking about scenarios, we can move towards PoC 38888 during US pre-market time, then we need to keep our eyes on the S&P500 opening, will it gain yesterday's losses or not?
Technicals:
- MACD is gaining bullish momentum
- RSI is heading upwards
- Lot of candles with a long shadows
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