➖➖➖➖➖➖➖
Bitcoin Market Update:
Bitcoin is pushing upside while BTC.D is moving down which is a great combination for altcoins
BTC.D is bearish and it is experiencing a bearish breakout below 52% Major Support, it should decline way lower from the current location as called
Bitcoin is moving sideways and trying to form a chart pattern which will take some time though.
️ A bullish breakout of $44,300 Resistance is needed to get the next rally towards $50,000 or higher $38,500 is the main support from the current location
Intraday:
The intraday chart is volatile and is having a nice recovery from yesterday’s quick dump.
1️ A successful bullish breakout of $43,300 (POI) will offer a long towards $45,100 and higher - Blue Projection
Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.
2️ A rejection can cause more sideways volatility again. Below $41,800 is bearish and will lead to more short opportunities - Red Projection
H1:
Daily:
BTC.D
