#BITCOIN gave a close below of the support area, cleared out the liquidity resting below it. Price made it way from the support zone of $38,000, and shifted the market structure to the bullish now. Price did made a pullback now and expected to print a new higher high. On H4 TF, is a mess now, ranging alot, so Daily closure will be important below $42,000 or $45,000 for the next directional move.
#BTC still below the previous month’s mid level $43800 and forming an inverse head and shoulder view below the previous month’s mid line.If the market breaks above the $43800 level we can expect #BTC to reach 48k.
#BTC marked PML (Previous month’s low) $38500 and we can expect further dump if breaks this level.
With the #BTC Spot ETF hype #BTC jumped into 49k and then dumped again 40k area. It looks like institutions accumulating with the #BTC dump.
Major key area is $43800 as the previous month’s mid area. If the market flips above this area, it will be a great opportunity for bulls to push the market further.
#ARB is attempting to rise above the $1.82 resistance again. If the uptrend continues, it may target the levels indicated in the chart. Keep a close watch.
#BTC experienced a breakout from the narrow trading range but faced rejection at the $42,000 resistance zone. If the price fails to surpass this level, a retracement back to the $40,000 zone is likely. It's advisable to set stop losses in all open positions to manage risk effectively.