IBIT
April 3, 2024. For the rise from 28.91 to 41.99
IBIT
has taken support around 36.8 levels. This is about 38.2% retracement for the rise and also 200 average support in 60 minute time frame.
Being a moving average follower I find 50,100 and 200 are all mixed up above 9 and 21 average.
Hence I expect a resistance around 38.5 levels today and support around 37 levels to be intact.
Because of gap strength comes only above 39.95 levels.