Greetings, colleagues!
As expected, Bitcoin this week set out to storm the lower boundary of the $65,500-69,000 range and successfully broke through it. Yesterday there was a retest of $69,000 as resistance. During the pullback, the price dropped below DMA200 4H, consolidation below which will lead to continued correction of the instrument to the nearest support zone $60K-61K
A scenario favorable for the bulls will begin to materialize if they keep the price above $65,000, but for now the price is under it and is under pressure from both sides, most likely against the backdrop of the release of reports from the US on Nonfarm.
Etherâs growth was stopped by increased selling pressure in the $3,220 area, followed by a pullback of the instrument. To re-attack this resistance level, the asset needs to stay above $3,140. Globally, Iâm expecting another decline of $2600+-. For good growth, you must first be disappointed in the market.
Trade carefully and wisely!
Profit to everyone!
