If you look at the daily chart, we haven’t seen any healthy pullback, the price has gone straight up.
In my opinion, a retest of the 0.382 FOB level around $94K would be a healthy correction for Bitcoin. Based on the liquidation heatmap, we’re also seeing liquidity building up at lower levels.
This is one of the signs of a pullback, which is important for a sustainable and healthy market.
Stay tuned and follow for more updates!
Trade active
BTC has formed a short-term demand zone around $101K to $102K, with the 50 MA also acting as strong support in this area.
Not expecting major moves for now, likely to see some sideways action within this support and resistance range for a while.
As I mentioned in my previous BTC update, price has been moving parabolically, so a healthy correction may occur, so be prepared for the worst-case scenario.
Stay tuned and follow for more instant updates.
#Bitcoin
Trade closed: target reached
Not much has changed.
As expected, it's trending within the support and resistance zone.
As mentioned in my previous update, we will likely see sideways movement for now.
It's a waiting game until we see a clear breakout or breakdown.
Follow me for instant updates!
#Bitcoin
Note
Each time? It led to a massive breakout.
#Bitcoin 150k+ INCOMING !!!
Note
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Register on WEEX and Blofin and trade with me: 👇
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
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.