According to my analysis, Bitcoin is in consolidation zone! but there maybe an opportunity for short as $48,000 is a strong resistance. Also, it tested more than 3 times and failed to break. In Binance, I can see huge buying pressure between $44,000-$42,000.
The targets should be:
1. 47,000
2. 46,000
3. 45,000
if it breaks 45,000
then,
4. 42,500
Close the...
A strong support is waiting at $42200 area, the downward trend is in making in 1 hr time frame.
1. In Binance: Huge buying pressure is at $45000 and$44000 area which can give short pump in alt coins but if trend line broke downward then $42000 is coming for sure.
2. Bitcoin dominance is increasing, so it's better to take long and short positions only in Bitcoin...
