Market Analysis
May 22, 2024
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⚪️TECHNICAL (1W)
BTC pumped as expected following a strong bullish weekly candle closure. It has also broken out of the cup and handle pattern. The next significant resistance level to overcome for the continuation of the bullish trend is the all-time high.
⚪️WRAP-UP (VIP)
BTC pumped as expected after a strong weekly close and a breakout from the cup and handle pattern. The next resistance level is the all-time high.
$BTC DAILY RANGE:
📈Upper Limit: 72200
📉Lower Limit: 69100
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲67500
🔴SHORT
💲75000
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