King of BTC - Universe
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Bullish
Good morning, everyone,
👉 BTC sellers are facing a tough time right now. It's impressive how many times BTC has attempted to enter a bearish momentum and how many times it has faced strong rejection of that bearish momentum.
👉 As I mentioned yesterday, BTC would break the previous high, and that's precisely what happened today.
Current situation on BTC:
👉 According to the 1-hour chart, $BTC tried to break below the current lower resistance level at 29,860, but #BTC buyers didn't give sellers any room. It was strongly rejected and formed a reversal trend. This happened between 04:30 and 06:30 AM IST. As a result, BTC is expected to break the previous high at 30,374 and increase above 30,500. Keep in mind if once strong rejection happen at that time market will forming Reversal trends and will break the previous high , that's the market sentiment .
👉 On the 15-minute chart, $BTC is nearly entering temporary bearish momentum. My analysis has provided two types of confirmation, but the 3rd confirmation has not been received, and it has successfully rejected the bearish trend while staying in a bullish momentum. If the 15-minute chart enters a bearish momentum, it's considered temporary, and there's only a 50% chance of bearish momentum confirmation, as I previously mentioned.
👉 Everyone should hold your long position until we reach our expected target of 31,335 from the 1-day chart analysis. I hope this target will be reached soon, possibly later today, in the evening or night, or tomorrow morning. So, please trade with sufficient funds and manage your risk properly. Avoid getting involved in any false movements against the market's momentum.
I will provide a detailed 1-hour chart analysis update within a few minutes.
👉 I hope this information is helpful to everyone. Please show your support by liking this post and consider sending at least $1 as a tip.
Thanks for your support, and have a great day.
Author(X&T): KingofBTC2024
#bitcoin #trading
👉 BTC sellers are facing a tough time right now. It's impressive how many times BTC has attempted to enter a bearish momentum and how many times it has faced strong rejection of that bearish momentum.
👉 As I mentioned yesterday, BTC would break the previous high, and that's precisely what happened today.
Current situation on BTC:
👉 According to the 1-hour chart, $BTC tried to break below the current lower resistance level at 29,860, but #BTC buyers didn't give sellers any room. It was strongly rejected and formed a reversal trend. This happened between 04:30 and 06:30 AM IST. As a result, BTC is expected to break the previous high at 30,374 and increase above 30,500. Keep in mind if once strong rejection happen at that time market will forming Reversal trends and will break the previous high , that's the market sentiment .
👉 On the 15-minute chart, $BTC is nearly entering temporary bearish momentum. My analysis has provided two types of confirmation, but the 3rd confirmation has not been received, and it has successfully rejected the bearish trend while staying in a bullish momentum. If the 15-minute chart enters a bearish momentum, it's considered temporary, and there's only a 50% chance of bearish momentum confirmation, as I previously mentioned.
👉 Everyone should hold your long position until we reach our expected target of 31,335 from the 1-day chart analysis. I hope this target will be reached soon, possibly later today, in the evening or night, or tomorrow morning. So, please trade with sufficient funds and manage your risk properly. Avoid getting involved in any false movements against the market's momentum.
I will provide a detailed 1-hour chart analysis update within a few minutes.
👉 I hope this information is helpful to everyone. Please show your support by liking this post and consider sending at least $1 as a tip.
Thanks for your support, and have a great day.
Author(X&T): KingofBTC2024
#bitcoin #trading
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
93,050
-2.20%
80