My current insights on the 
BTCUSD market:
BTCUSD market:- The 0.618 Fib is once again acting as support, signaling strength from the bulls. A short squeeze might happen soon, as it aligns with 'max pain' scenario.
- If this support level doesn't hold, we might see a dip towards
36K, marked as the 0.786 Fib.
Weekly chart suggests this possibility, although i'm leaning more towards an upward trend now. https://www.tradingview.com/x/BMbU8POl/ - The 3-day chart touched the lower Bollinger Bands, and the candles display elongated wicks, suggesting buying activity and a potential reversal point. https://www.tradingview.com/x/eqJbXpLF/
- The 12-hour chart displays a MACD crossover and RSI in oversold territory, supporting my bullish outlook. https://www.tradingview.com/x/ybhobwhE/
- Closing the weekly candle above $41,331 would be a significant and powerful move for BTC, highlighting the strength of the bulls 💪https://www.tradingview.com/x/JFsGNb6H/
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.
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.