Bitcoin (BTC): Another Attempt To Break $38K ZoneOn the 4-hour chart for Bitcoin, we've got an interesting setup developing. The price is teasing the upper boundary of an ascending channel, indicating a strong resistance zone around $38K. Despite recent attempts to breakout from this level, BTC is struggling to hold, signalling potential exhaustion among buyers.
With all eyes on the $38K zone, a confirmed break above could invalidate the bearish outlook, potentially triggering a short squeeze due to the recent greed in the market. However, failure to maintain above this level could see BTC slide back down within the channel and possibly test lower support levels, with significant interest around the mid-$30K range.
Swallow Team
Crypto2024
Bitcoin (BTC) - About 150 Days Before HALVING (Update)Bitcoin's been testing our patience at the $38K zone, but it's clear: the bears are itching to drag it down to lower support levels where every attempt to breakout from $38K has been surpassed (even strong liquidations). Now, with all eyes on the upcoming Halving in April 2024, we're on high alert for market maneuvers.
History's got a way of repeating itself, and if we're reading the patterns right, we could be in for a pre-Halving shakeout. We've seen the FUD and the euphoric pushes, but remember, it's the calm traders who survive the storm. So, we're watching that $40K psychological resistance for any potential touches there, but overall, our aim is still the lower zones (more near $26-32K, if not the lover) before the halving.
Swallow Team
CRO/USDT = Time To Fill FVG Zones CRO is exhibiting a tight consolidation pattern, with prices fluctuating between established liquidity zones. The market has made several attempts to break out, but none have proved decisive yet. Resistance at $0.10975 and $0.1069 define the current price action's boundaries.
We are watching for either a strong downward push through supports or a potential move to fill in those FVG zones here, which could indicate the beginning of a bearish trend.
Swallow Team