Good morning everyone,
👉 Yesterday night, I provided 5&15m chart RS Levels, but real breakouts have not occurred yet. As per the 5m chart, $BTC faces resistance at 41988 and support at 41568. Last night, there was a false breakout on the support level, causing #BTC to rise to 41883 but not touch the resistance, so it is expected to drop again. As per the 15m chart, BTC has resistance at 42158 and support at 40855. Since BTC couldn't touch the resistance level, it is dropping. Currently, BTC is trading in sideways trends, preventing the breaking of any levels. Let's assess the current market sentiment.
👉 As per the 5m chart, BTC has a new resistance at 41883 and a new support level at 41628. BTC is currently trading in temporary bearish momentum, so there's a possibility of breaking the support level. Let's see what will happen. Yesterday, I mentioned that if you don't have a short position, you can open one at 41700-41850. I hope everyone has a short position.
👉 As per the 15m chart, BTC faces the same levels, and there's no change so far. The support level is 40855, and the resistance is 42158. BTC is currently trading in a neutral momentum, like sideways trends, and facing a Strong Bearish phase. So, anytime, BTC may enter temporary bearish momentum. Let's see.
👉 Perhaps today won't have more volume until evening, I think. If there's no volatility and I don't receive any confirmation from my analysis, I will not provide any updates. So, don't worry if you don't receive any updates today. If there are any changes in the market, I will be sure to share the information.
Thanks for your support and love ❤️.
Author : @Future Trading Expert - Tamil Nadu (For All) BXT
