$BTC


📊 Technical Analysis

â–ȘBTC/USDT Timeframe D1

Yesterday,#BTCfluctuated with a very strong amplitude, a Bullish Marubozu candle broke the insidebar price compression pattern + 60k confluence zone. The downside here is the low volume, only 1/3 of August 5, showing that selling pressure at the bottom area has decreased.

The recent ups and downs have occurred with high slopes, seemingly long/short k.i.l.l.s, sweeping liquidity from Market Makers. Thus, the wave structure of#BTChas not changed, sideways with wide amplitude at the peak.

â–ȘBTC/USDT Timeframe H4

#BTC breaking resistance plus a steep increase shows that selling pressure has dried up and buying pressure is strong.

Therefore, our plan will consider waiting to buy at the support zones below, currently the zones to consider are 60k, 57k5 and 54k7

â–ȘMarks to note: 49000 - 54700 - 60000 - 62500 - 63300

* The above is purely personal opinion, not investment advice!
#Vietnamcryptotrading