BTC analytics, May 8
Greetings to all who care about the fate of BTC.
BTC has now fallen to the mirror, historically important level of 27741. At this level there will be a noticeable deceleration in price movement. Already from this zone it is possible to look at the further movement.
Globally, the picture remains unchanged - Market cap - $1158 bn, dominance index 48.45%. Fear and Greed Index - 60 (Greed). BTC is squeezed into a triangle.
At the top we have an imbalance zone of 28665 - 28790. From there we may get a reaction. On breakdown of this zone - look for resistance of the upper boundary of the triangle. Upon breakdown, further upward movement is possible.
From below we have a liquidity pool from April 26 at 27235, which the market is likely to want to take. In addition, this level coincides with the support line. We are watching this level. We are waiting for a reaction.
The priority at the moment is to go down. Trading strategies - on a bounce or breakout when a reaction is received.
Good luck to all!
Always in touch,
Relictum Analytics
BTC has now fallen to the mirror, historically important level of 27741. At this level there will be a noticeable deceleration in price movement. Already from this zone it is possible to look at the further movement.
Globally, the picture remains unchanged - Market cap - $1158 bn, dominance index 48.45%. Fear and Greed Index - 60 (Greed). BTC is squeezed into a triangle.
At the top we have an imbalance zone of 28665 - 28790. From there we may get a reaction. On breakdown of this zone - look for resistance of the upper boundary of the triangle. Upon breakdown, further upward movement is possible.
From below we have a liquidity pool from April 26 at 27235, which the market is likely to want to take. In addition, this level coincides with the support line. We are watching this level. We are waiting for a reaction.
The priority at the moment is to go down. Trading strategies - on a bounce or breakout when a reaction is received.
Good luck to all!
Always in touch,
Relictum Analytics
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