BTC Update 6k shall be overcome
✴️ BTC Update
After reaching a high of 5974 in the previous session, the BTC finally closed below its resistance zone at 5321. Since the beginning of the session, Bitcoin has dropped even more than 9%.
Unsurprisingly guys, the daily technical situation is negative with no signs of reversal. On a shorter horizon, in 4 hours, the same observation, indicators are falling.
📈 Trend follower?
The trend follower is negative on all analysis time horizons.
👉 What can be done about it?
As long as the resistance zone 5580 - 5943 is not exceeded, it is more likely to see a decline than the opposite. We will therefore wait until this zone is broken before considering opening a long position.
💹 Altcoins
Unsurprisingly, when Bitcoin falls like this, the rest of the market follows and we see losses of over 15% for HOT and POA. Relatively little alt in the green so OST and REQ stand out with gains of 7.58% and 6.72% respectively.
Stay safe in these uncertain times guys!
After reaching a high of 5974 in the previous session, the BTC finally closed below its resistance zone at 5321. Since the beginning of the session, Bitcoin has dropped even more than 9%.
Unsurprisingly guys, the daily technical situation is negative with no signs of reversal. On a shorter horizon, in 4 hours, the same observation, indicators are falling.
📈 Trend follower?
The trend follower is negative on all analysis time horizons.
👉 What can be done about it?
As long as the resistance zone 5580 - 5943 is not exceeded, it is more likely to see a decline than the opposite. We will therefore wait until this zone is broken before considering opening a long position.
💹 Altcoins
Unsurprisingly, when Bitcoin falls like this, the rest of the market follows and we see losses of over 15% for HOT and POA. Relatively little alt in the green so OST and REQ stand out with gains of 7.58% and 6.72% respectively.
Stay safe in these uncertain times guys!
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