Prices on support (Daily Analysis)
So yesterday, I was saying we were struggling going upward, no volume, and called a come back around $9,200, here we are.
Now, prices are on this support, we need a reaction to adjust our bias.
Bitcoin is still bullish on the 4h chart, but we have divergence on the daily chart, and the 1h, 15min charts are not bullish at all. So for now, we need to wait for a reaction on the $9,200 support so see what to do.
A break would quickly lead us around the $8,600 area while a jump would make us slowly go toward $9,600/$9,900 area.
Note that today SPX500 will open for the week, and it will affect the price of Bitcoin, if SPX500 open going up, Bitcoin will follow, and if SPX500 open going down, Bitcoin will follow as well.
Bitcoin look very weak at the moment, with a very low volume on dips, it seems like people left it for a moment.
Now, prices are on this support, we need a reaction to adjust our bias.
Bitcoin is still bullish on the 4h chart, but we have divergence on the daily chart, and the 1h, 15min charts are not bullish at all. So for now, we need to wait for a reaction on the $9,200 support so see what to do.
A break would quickly lead us around the $8,600 area while a jump would make us slowly go toward $9,600/$9,900 area.
Note that today SPX500 will open for the week, and it will affect the price of Bitcoin, if SPX500 open going up, Bitcoin will follow, and if SPX500 open going down, Bitcoin will follow as well.
Bitcoin look very weak at the moment, with a very low volume on dips, it seems like people left it for a moment.
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