BTCUSDT 4h
Looks like BTC broke the Inverse Head & Shoulder pattern on 4h chart. I can see a support at $40500 for retest the neckline. The resistance zone is around $41800 ~ $42500
If we see a successful retest at $40500 then we can be bullish till $44500. So far volume, RSI and MACD are good and BTC trying to fix above Ichimoku and 0.382 Fib level.
Do not forget that the main support is located around $38750 ~ $39100(CME gap)
Huge volatility is expected this week. Trade carefully with tight stoploss. If BTC close above $38500 we will have a green monthly candle which is good sign.
We had 2 good news in last 24 hours:
1- Ebay Considering Crypto Payments To Attract GenZ Crowd
2- The Bank of Russia's approach to developing a digital ruble ... For cross-border payments, the digital ruble platform can be integrated with CBDC platforms.
If we see a successful retest at $40500 then we can be bullish till $44500. So far volume, RSI and MACD are good and BTC trying to fix above Ichimoku and 0.382 Fib level.
Do not forget that the main support is located around $38750 ~ $39100(CME gap)
Huge volatility is expected this week. Trade carefully with tight stoploss. If BTC close above $38500 we will have a green monthly candle which is good sign.
We had 2 good news in last 24 hours:
1- Ebay Considering Crypto Payments To Attract GenZ Crowd
2- The Bank of Russia's approach to developing a digital ruble ... For cross-border payments, the digital ruble platform can be integrated with CBDC platforms.
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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.