Are we going to break resistance soon ?
BTC / USDT
Bitcoin still consolidate below strong resistance
(This action remind me of ETH below 3300$)
📌 Bulls Are In Full Control
but for breakout confirmation we need daily close above 51k,5 - 52k (0.618 Fibonacci) for a potential move to 54k - 57k - ATH
As long as we Below 51k daily ...short term traders / scalpers should take profits partially and dont fomo in market because there are a chance for shakeout (high funding rate in most of altcoins)
📌 Invalidation of bullish sentiment in short term
if btc dumped and closed daily below 46k next support should be 43k-42k
📌 Summary :
Support levels : 46k - 43k
Resistance : 51k - 54k - 57k
Risk management is key for success in market
Best regards 🙏
Bitcoin still consolidate below strong resistance
(This action remind me of ETH below 3300$)
📌 Bulls Are In Full Control
but for breakout confirmation we need daily close above 51k,5 - 52k (0.618 Fibonacci) for a potential move to 54k - 57k - ATH
As long as we Below 51k daily ...short term traders / scalpers should take profits partially and dont fomo in market because there are a chance for shakeout (high funding rate in most of altcoins)
📌 Invalidation of bullish sentiment in short term
if btc dumped and closed daily below 46k next support should be 43k-42k
📌 Summary :
Support levels : 46k - 43k
Resistance : 51k - 54k - 57k
Risk management is key for success in market
Best regards 🙏
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
Related publications
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.