#BTC #Write2Earn: #Bitcoin reclaiming the resistance area! | MAHBUB RAHMAN on Binance Square

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#BTC
#Write2Earn:
#Bitcoin reclaiming the resistance area!
$BTC apparently is strong enough and the bulls step in to reclaim the support area which it broke below earlier.
Now we have to see if #BTC can hold this support again.

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Today's $UNI proposal pushes the UNI token immensely while BTC was in the most vulnerable position. In late January- early February, I mentioned that it is worth using the drawdown to position in Ethereum-related DEXs and DeFi products like UNI, SUSHI, 1INCH, CRV, COMP, etc. Here we are. The UNI itself dragged the whole segment of these tokens. It is important to understand when to rotate in what. I think, $UNI will reach $16-$18 within a month. The weekly 50MA support worked splendidly as always. UNI is out of the accumulation range. #Write2Earn

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#Write2Earn $ETH Update Black box is the main resistance zone and yellow box is the main support zone. Price may reject that area (For now, I am not sure, I need to watch a bit more), thats why I said just be careful about altcoins. We may see a retracement from this zone. (Price is still bullish but we have to be careful from now on). There is nothing to worry for now but almost every altcoins are at the main support zone. If its broken, we may see some sell off for the alts. If ETH reclaims the black box, 3500-3600 area will be seen soon.

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$BTC confirmed its Breakout .. as i said in my previous post. Next target is 55k zone #Write2Earn

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$btc currently holding above the 2023 open but also needs to get above the yearly VWAP which currently sits at $43.3k. Weekly and monthly closes are the ones to watch for confirmation $BTC #Write2Earn

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$BTC - Update Not looking to trade the FOMC volality or the Month End today, will wait for things to settle down and then pick up the pieces afterwards Overall, based on the last cycle high and low, we have had a rejection from FIB618 level Keep an eye on the mid-level at 42238 At some point the MM will need to fill inbalance in the weekly green vector from 22-25k On the 3 Month Timeframe, this vector recovery extends to 16k I don't make up the rules, it is what it is #Write2Earn

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