BTC made a good retest and rejection from our strong support zone around 38k. Looking at the 4h chart, if BTC manages to close back above the minor resistance zone around 39k it could make a weekend pump towards 39,6k and possibly further to fill the wick zone left behind by the daily bar yesterday. On the other hand, if BTC closes back below the most recent minor support around 38,3k I believe it would drop down to fill the wick zone left behind on the daily bars around 37.6k.
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.