Greetings,
We're looking at BTC on a 4HR time frame, for now it's showing more signs of a bearish future. Significant daily closes below the yellow trend line is my main indicator for this. Right now we've had a few days in the red so we can expect to find some support between 38/39 K.
BTC 1D Chart
This is showing multiple daily closes under the YELLOW trend line. Which is not a positive sign for BTC over the next month, I expect it to track sideways for a the following month
USDT.D Chart
Above we can see that funds are being piled into USDT dominance, it's reaching for it's "danger zone". I can see this peaking around the 5.3% area, which will drive the price of bitcoin to lower levels which could make for a good buying opportunity.
Resistance Range;
42k-45k is still a heavy resistance zone - I am not in a bullish mindeset for BTC until we reach these points.
Remember nothing is guaranteed, control the controllable.
Mogues
We're looking at BTC on a 4HR time frame, for now it's showing more signs of a bearish future. Significant daily closes below the yellow trend line is my main indicator for this. Right now we've had a few days in the red so we can expect to find some support between 38/39 K.
BTC 1D Chart
This is showing multiple daily closes under the YELLOW trend line. Which is not a positive sign for BTC over the next month, I expect it to track sideways for a the following month
USDT.D Chart
Above we can see that funds are being piled into USDT dominance, it's reaching for it's "danger zone". I can see this peaking around the 5.3% area, which will drive the price of bitcoin to lower levels which could make for a good buying opportunity.
Resistance Range;
42k-45k is still a heavy resistance zone - I am not in a bullish mindeset for BTC until we reach these points.
Remember nothing is guaranteed, control the controllable.
Mogues
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.