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Dollar Index made a bullish move yesterday that broke above February high. While short term we may see it pull back, within this week it can grow higher to ~105, which means that #Bitcoin most probably will have a heavy week. #BTC dropped below the middle of the channel, so most probably will be forced to move down to the bottom of big channel around 62k. Also I think that we may expect re-test of 68-68.4k zone. If happens before further dip it can be taken as short opportunity. If after, I'd skip it and hold long taken from the bottom to give it a chance to breakout. Remember what I wrote about week chart - $BTC stays within uptrend, but in consolidation range. The dump before or after halving is something logic to expect (sell the news), but from TA point of view this week chart remains bullish. Nearest levels to watch PA: šŸ”ø73881 - ATH šŸ”ø71363 - March close šŸ”ø68448 - previous week open šŸ”ø67260 - last week open šŸ”ø66400 - Nov'21 dump week high šŸ”ø64300 - February high šŸ”ø63178 - week close šŸ”ø61203 - Feb'24 close Trend: 4H šŸ”¼ D ā–¶ļø W šŸ”¼ M šŸ”¼ šŸ¤‘ F&G: 79 < 79 < 75 < 80 < 83

Dollar Index made a bullish move yesterday that broke above February high. While short term we may see it pull back, within this week it can grow higher to ~105, which means that #Bitcoin most probably will have a heavy week.

#BTC dropped below the middle of the channel, so most probably will be forced to move down to the bottom of big channel around 62k. Also I think that we may expect re-test of 68-68.4k zone. If happens before further dip it can be taken as short opportunity. If after, I'd skip it and hold long taken from the bottom to give it a chance to breakout.

Remember what I wrote about week chart - $BTC stays within uptrend, but in consolidation range. The dump before or after halving is something logic to expect (sell the news), but from TA point of view this week chart remains bullish.

Nearest levels to watch PA:

šŸ”ø73881 - ATH

šŸ”ø71363 - March close

šŸ”ø68448 - previous week open

šŸ”ø67260 - last week open

šŸ”ø66400 - Nov'21 dump week high

šŸ”ø64300 - February high

šŸ”ø63178 - week close

šŸ”ø61203 - Feb'24 close

Trend: 4H šŸ”¼ D ā–¶ļø W šŸ”¼ M šŸ”¼

šŸ¤‘ F&G: 79 < 79 < 75 < 80 < 83

Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
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