The new week started with a Bullish momentum, earlier today BTC broke the low resistance of 30100, climbed above and knocked at the door of 31k.. Over selling pressure brought back to local support @ 30400 range..
If BTC break the main resistance @31300, there will be more chances for a further rise to 34k..
Currently BTC Supports are
1. 30050
2. 29750
3. 29200
4. 28900
Resistance Areas
1. 30800
2. 31300
3. 31850
4. 32425
By looking at the current trend line it is more likely that BTC will go upward.. The 4H trend line is extremely Bullish.. If BTC drops Below 29700 then there are more chances of Bearish Momentum..
From my anlysis opening long position from 30200-30300 range will give some profit instead of opening position in the middle.. The second option (less chances) if it dops below 29900 prefer to open a short position..
I provide only BTC signals and analysis, those who benefited from my previous signals can follow me for more..
Before opening any position first do your own research and adjust your leverages accordingly, crypto market is very volatile.. Good luck...
