BitcoinLong
Bitcoin (BTC) • This consolidation under resistance is...
Updated
Bitcoin is still in bullish territory but is currently showing some weakness at resistance.
Trading under 22.7 is an excellent criterion to de-risk and wait to reclaim above it. While under the ideal bidding, price levels sit at 20.7 or 19.8.
Funding Rates look bearish but are the only datapoint in don't like.
check the FULL video for my broader analysis!
Don't forget to HIT the rocket boost and give a follow!
Trading under 22.7 is an excellent criterion to de-risk and wait to reclaim above it. While under the ideal bidding, price levels sit at 20.7 or 19.8.
Funding Rates look bearish but are the only datapoint in don't like.
check the FULL video for my broader analysis!
Don't forget to HIT the rocket boost and give a follow!
Note
Trading above 23.2 is bullish again.Mind 25k has strong sell pressure in the books.
But momentum as of now is looking strong.
Overall, I expect (from a probability standpoint) to hold on to bullish bias for Q1 and Q2.
Note
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D7R
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