BTC - short term price action
BTC is in some kind of small consolidation after breaking out from previous triangle.
Until we see RSI trendline breakout, new highs for BTC are postponed (notice bearish divergence too).
As support, I'm watching 21 D MA + trendline. Next level, if 21 D MA is lost, is 58k + Anchored VWAP (upper blue line) as good buy opportunity.
Lower blue line is Anchored VWAP from 30k lows which will act as strong support along 52k weekly support region.
It may be reached if some strong dump occur with big wick even in high 40k region (I would target 48k as bottom in that case).
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Until we see RSI trendline breakout, new highs for BTC are postponed (notice bearish divergence too).
As support, I'm watching 21 D MA + trendline. Next level, if 21 D MA is lost, is 58k + Anchored VWAP (upper blue line) as good buy opportunity.
Lower blue line is Anchored VWAP from 30k lows which will act as strong support along 52k weekly support region.
It may be reached if some strong dump occur with big wick even in high 40k region (I would target 48k as bottom in that case).
If you like analysis please consider leave a like or comment! Thanks :)
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