Good morning everyone,
👉 Yesterday, the BTC market didn't perform well due to sideways trends dominating the 1H chart. So far, BTC is experiencing some drops and pumps. I believe strategy traders can consistently profit in such sideways trends.
👉 According to the 15m chart, BTC currently has resistance at 38205 and support at 37566. BTC might break the resistance this time because I can see some buyers in BTC, and it has broken the 5m chart resistance at 37790. Expecting a rise to 38000 again, but we need to wait for the real breakout in the 15m or 1H chart. Please wait for my update.
👉 Referring to the 1H chart, BTC encounters resistance at 38217 and a new support level at 37614. BTC is still in sideways trends, but buyers have occupied the markets from yesterday midnight until now. I can't say anything now because we need to wait for the breakout and confirmation of my analysis. So, everyone needs to wait or follow the above information.
👉 Please trade with your own risk. My suggestion is that BTC is ready to break the resistance for the 15m and 1H charts, but we need to wait. If anyone has a short position, you can continue to hold until the resistance level is broken. If you have low funds, it's better to close now. After breakouts happen, everyone can open positions based on the update.
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Thanks for your support and love ❤️.
Author: @Future Trading Expert - Tamil Nadu (For All) BXT
