Good morning everyone,
👉 Yesterday, I provided information across all timeframes, highlighting in the 15-minute timeframe that if the Support Level of 36560 is breached, $BTC might drop below 36000. After a few minutes, I shared details of the breakout, and BTC indeed dropped below 36,000, reaching a maximum of 35486. I now observe a new support level on both the 15-minute and 1-hour charts.
👉 In the 15-minute chart, BTC currently has a resistance level of 37885 and a support level of 35777. It appears that BTC is forming reversal trends and is poised to recover from yesterday's panic selling losses. I anticipate BTC raising to 36700-36900. The 15-minute chart has maintained the same resistance level for the last two days, so a new resistance level might be established, leading to BTC's upward movement.
👉 As per the 1-hour chart, BTC faces a resistance level of 37885 and has a new support level of 35936. The BTC market continues to maintain an Extraordinary Bullish Momentum across all timeframes. Yesterday, the 15-minute chart only experienced temporary bearish momentum, resulting in a more than 7% drop due to selling pressure, but a recovery is expected shortly.
👉 Most markets faced significant drops yesterday due to BTC panic selling, but today, many are anticipated to recover shortly. These include $ORDI , $JOE, $MEME, $YGG, $SOL, $LQTY, $AVAX, $PENDLE , and others.
👉 Always trade with sufficient funds to avoid sudden market movements leading to liquidation. Avoid high-risk trades and emotional trading.
Note: I consistently share accurate analyses, and everyone can follow our analysis for their trades. Avoid confusion regarding different momentum on the 15-minute and 1-hour charts. Sharing the 15-minute chart analysis is crucial for small investors to guide their trades. I trust that small investors follow our 15-minute chart analysis and heed the warning information.
Thanks for your support and love. Have a great day ❤️.
Author: @KingofBTC2024 (For All) BXT
