🚨Bitcoin is ranging between 34000-34700ish for few days. From technical point of view, the price rejected a local resistance zone (supply). This zone (marked red zone) is strong resistance for now, but if we break it out (succesfuly), the next target is likely to be 38k. Im not saying that the price will break it out. We need to see big buying pressure to see break out on current supply zone. The good sign here (for short term moves) is that the price is respecting as support a POC level (34477). Its possible to become a resistance level if the price break it down and rejects it (keep this in mind). In general, there isnt major changes from technical point of view, this week. The price is just consolidating and forming a good base around a this level, which is important for long term movement. RSI is sitting at 51, which is neutral. There isnt divergence overnight. From fundamental point of view, there is few news today: JOLTs at 14 UTC time and FED Press Conference at 18:30 UTC. The market is expecting a 9.25 for JOLTs and its priced in. Its possible to see some volatility during FED press conference, keep this in mind.

Volume profile is looking good. There are 2 small volume gaps (locals): 34247-34319; 34381-34458; POC is sitting at 34477. The plan for today: Current price is sitting above POC and its breaking it out after fake down. I will wait for a candle close above it and if the price stays above POC will long it (small long here). If the price closes below it and rejects it=>short;
#BTC #sol #CryptoNews🔒📰🚫 #CryptoBears #NewSignal