Previously when BTC reached to 59,500 level on 18 april 2024 , BTC pumped by $7500 in price in 6 days and gave a weekly closing at 67200 and then reversed back to 56,000.
On 4 March 2024 BTC reached to 59500 level and then pumped by $14,400 in 10 days and gave closing above 73,000 and then reversed back to 60,000.
I consider this 59k range support a high level support .
Do your own research before taking any investment decision.
First Resistance Level 59,600 I can say BTC will break out that.
Second level is around 61,000. I will say that is the level for short entry .Wait for this range untill then you will see a volume reduction as well.
BTC has formed Rising wedges pattern on 4H chart frame , without any break down of trend lines we can not enter into any short before any confirmation. BTC can consolidate in this range as well.
First Resistance Level 59,600 I can say BTC will break out that.
Second level is around 61,000. I will say that is the level for short entry .Wait for this range untill then you will see a volume reduction as well.
BTC has formed Rising wedges pattern on 4H chart frame , without any break down of trend lines we can not enter into any short before any confirmation. BTC can consolidate in this range as well.
If 59,600 61,800 not give rejection we will see 62k.
Dont short Dont short
Before any confirmation.
$BTC $ETH $SOL
LIVE
Sajjad7
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I am feeling 59,600 and 61,800. 😅
BTC dropped sharlply by $2000 well that was not expected that BTC will drop sharply and recover , its all due to The U.S Unemployent claim data positive forecast .
Those who shorted BTC from 58,500 gained profit , and those who did long BTC from 54,500 gained profit.
Now , avoid entering into a running train , BTC is on rising wedges at 4H chart frame , wait for break down of rising wedges for short.
Same for $SOL.
Market will stay Volatile till the closing of 4H chart frame. Untill then Enjoy if you saved yourself from losses or gained profits.
BTC dropped sharlply by $2000 well that was not expected that BTC will drop sharply and recover , its all due to The U.S Unemployent claim data positive forecast .
Those who shorted BTC from 58,500 gained profit , and those who did long BTC from 54,500 gained profit.
Now , avoid entering into a running train , BTC is on rising wedges at 4H chart frame , wait for break down of rising wedges for short.
Same for $SOL .
Market will stay Volatile till the closing of 4H chart frame. Untill then Enjoy if you saved yourself from losses or gained profits.