Bitcoin Market Zones Update and Bitcoin Analysis.
⚠️ Good time my much respected and strongest community in the world ⚠️
➡️ It's funny that we can't overcome the local resistance zone 70500, this all caused on 12h TF and on 1d TF candlesticks with long shadows on top, which indicates buyer weakness. If on the 1d TF still the candle has not closed, but nevertheless we risk to get 3 such candles in a row, which can speak about local correction at least, from the magnet areas we had the zone 67650 +/-.
Conditionally we closed it (because we did not reach the figure in figure, but only to the Bollinger median, which is technically very good), but the conditional may become actual. On the one hand it is better now than later, but this conditional overlap can be considered as counted ✅ IF only the volumes go up, but for now the situation is developing so that we lost an important zone 69400 and the price is trying to consolidate below this mark, but let me remind you that the day is not closed yet!
⚠️ Important areas:
✅ Support: 68100, 67600, 67000, 66050, 65600, 64650, 64000, 62400, 61000, 59650, 58400, 57400, 55600
❌ Resistance: 69400, 70100, 70500, 73000, 73500, 73800, 76900, 77800, 78700
#wrait2earn #MarketAnalysis #PriceCorrection #TradingStrategy #MarketVolatility
