Key High Time Frame (HTF) levels on BTC
January weekly demand @ 32000 (blue)
January weekly resistance @ 38000 (purple)
May lost support @ 42000 (red)
Currently testing 38000 (purple)
Scenario 1:
We reject 38k, we go back to test demand @ 32k
Scenario 2:
We reclaim as support, we head towards 42k (red) to test
January weekly demand @ 32000 (blue)
January weekly resistance @ 38000 (purple)
May lost support @ 42000 (red)
Currently testing 38000 (purple)
Scenario 1:
We reject 38k, we go back to test demand @ 32k
Scenario 2:
We reclaim as support, we head towards 42k (red) to test
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.