angela_altair

BTCUSDT at daily support, likely to head up to daily resistance

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MEXC:BTCUSDT.P   BTC / Tether PERPETUAL FUTURES
The 4h support shared last time did not hold and did not provide the bounce we were expecting for a long trade. The price fell down and came to daily support zone DS1. I believe this one should hold and the price should bounce from here. The bounce will likely towards daily resistance zone DR1 but it might face some difficulties around 29566 area. The price might still dip below the current daily support but should come back up again soon. By the way, I think this weekly candle is going to be green and if not and the price kind of maintained this zone without a significant drop by the end of this week, we shall see a green weekly candle next week.

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