Possible retest areas/scenarios for BTC bulls
Key Takeaway Points:-
1. After testing the top of 1D cloud, we are currently hovering over the Daily 200MA.
2. Possible retest areas would be:
-the previous high on Daily = 42,300USD
-area of confluence with 50MA,89EMA,200EMA on Daily with horizontal support = 38,100USD
3. Mid-term profit-taking target:
-previous breakdown point = 49,100USD
-area of Weekly resistance = 59,000USD
Please DYOR & trade safe out there!
1. After testing the top of 1D cloud, we are currently hovering over the Daily 200MA.
2. Possible retest areas would be:
-the previous high on Daily = 42,300USD
-area of confluence with 50MA,89EMA,200EMA on Daily with horizontal support = 38,100USD
3. Mid-term profit-taking target:
-previous breakdown point = 49,100USD
-area of Weekly resistance = 59,000USD
Please DYOR & trade safe out there!
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