BTCUSD Technical Overview:
Resistance: 121000, 123000
Entries: 119500, 121000, 122500
Targets: 116500, 112000, 108000
Supporting Areas: 116000, 111500, 107500
Market's momentum is bearish as it has tested 116000 position multiple times after hitting 123000 and once market break this position it will drop to the next supporting area 111500. in order to correct itself and test fill the gap it left untested it will have to drop.
Resistance: 121000, 123000
Entries: 119500, 121000, 122500
Targets: 116500, 112000, 108000
Supporting Areas: 116000, 111500, 107500
Market's momentum is bearish as it has tested 116000 position multiple times after hitting 123000 and once market break this position it will drop to the next supporting area 111500. in order to correct itself and test fill the gap it left untested it will have to drop.
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Join us t.me/+AEvpzocgAZw1MzE0
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.