In last detailed technical analysis of $BTC report (Friday )we clearly mentioned a consolidation between $59k and $60K region (Resistance Area). And you see it for 36+ hours. It is past here is next expected move of BTC . In same post we also tell that BTC will breakout this resistance and hit $61800 but unfortunately Donald Trump's assassination attempt cause breakdown and we see 57,500 region today . Now let's discuss about next expected move of BTC .
đžIn today analysis we will mainly focus on Technical Analysis as fundamental analysis for next 3-5 days we already shared in last update . So, here are three topics that we will discuss :
â Fundamental Analysis
â Technical Analysis in 4H TF
â Technical Analysis in 8H TF
â My Personal Point Of View
đž Let's start with fundamental . Fundamental are that Black rock said yesterday rate cut will not effect market so much that people are expecting . He have not given any statement like that before . But why he give this ugly statement just 2 day before thet event ? Something is cooking behind scene . They are trying to make bearish before next big leg up on rate cut. So, according to fundas be prepare for 10-15% pump atleast tomorrow .
đž According to technical analysis in 4H TF we have first support at $57100. From where we are expecting bounce and in stronger way. But if it get break then we have next support at $55,650. That is region from where we can see bounce. That are the two support in 4H TF from where we are expecting bounce in #BTCâ . Repeating đ Here are two regions from where we can see bounce in BTC according to 4H TF:
1. $57,100
2. $55,650
đž Now let's discuss about #Bitcoinâ in 8H TF. According to 8H if BTC close 1D below $57K then we are bearish otherwise till we close above $57K we are bullish. But if unfortunately it close below then $54K is next stop.
đžMy POV : According to my opinion $BTC will take dip till $57,100 and bounce from there and then upward move till $60K and $61,800.
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