20/6 BTCUSDT Short Term
BTC reached the first red line as the weekly 0.786 support and bounce as planned. we can see a pretty hard bouncing and form higher high,
higher low. But there is a coherent resistance at 20.9k as white line. If BTC cant breakout and stand above the resistance to form S/R flip. We
may see BTC may retest ATL at 17.6k as double bottom with motion divergence.
17.6k support is very strong support that we shall see BTC is barely impossible to go lower in 2022. But the ultimate bottom is still target at
12-13k. Besides, The bear flag model of BTC is on the halfway but the ETH has completed the AB=CD bear flag model and we shall see a harder bounce
on ETH instead of BTC.
Prefer to set long at 17.6k again and target a long bull run
higher low. But there is a coherent resistance at 20.9k as white line. If BTC cant breakout and stand above the resistance to form S/R flip. We
may see BTC may retest ATL at 17.6k as double bottom with motion divergence.
17.6k support is very strong support that we shall see BTC is barely impossible to go lower in 2022. But the ultimate bottom is still target at
12-13k. Besides, The bear flag model of BTC is on the halfway but the ETH has completed the AB=CD bear flag model and we shall see a harder bounce
on ETH instead of BTC.
Prefer to set long at 17.6k again and target a long bull run
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