(April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?)
The false break of resistance and 8.5% retracement indicates that the coin is not ready to go up yet, but at the same time it is not ready to go down, as indicated by the MA-50 retest and the candlestick pattern, which can be interpreted as the activity of strong buyers protecting the market from falling. On W1 we see a strong growth, which gradually turns into consolidation and does not give any correction or technical pullbacks - this indicates the strength of the market, the bulls are watching the price and continue to stand in their bullish stand in order to throw the price even higher.
Resistance levels: 71572, 73679
Support levels: 0.236 fibo, 64545, 61447
After the resistance retest, the market may be interested in the lower zones from the liquidity point of view. Bulls are actively defending them and holding the price, but before halving the price may try to drive it lower in order to liquidate traders and accumulate potential before further strong price movement
Regards R. Linda!
交易進行:
Bitcoin has not experienced any negative fundamentals recently, other than a reaction to geopolitical nuances.
In general, the fundamentals of the flagship of the cryptocurrency market are very strong
In general, the fundamentals of the flagship of the cryptocurrency market are very strong
交易進行:
Consolidation on H1
交易進行:
Price is testing support, a partial liquidity grab and a bounce is forming. If BTC passes through 64545, it may head towards 67929
交易進行
評論:
Halving is a little over 5 days away, I wonder how the market will react to the primary data, will there be a decline to liquidate traders or a rise immediately...
評論:
It's worth looking at 62300
交易進行:
Hong Kong approves spot applications for BTC-ETFs
This could attract new money from Asian countries, and even more so from China
This could attract new money from Asian countries, and even more so from China
交易進行:
Bitcoin is getting into deeper zones. Halving is about 4 days away
交易進行:
Bitcoin is testing the lower area of the sideways range and entering risk areas. Buyers are getting scared
交易進行:
Support zone retest
交易進行:
Bitcoin starts to strengthen
The market is in the phase of realization of the scenario indicated under the green line
Bitcoin starts to strengthen
交易進行:
Small correction and retest of the intermediate support level
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