Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update i clearly told you that BTC is not break above $18.2k level and we might see a rejection from there and exactly the same happened.
So what's next?
As of now, BTC holding the green support area ($16.5k-$16.8k) and we might see a bearish retest from here. According to the chart, BTC should bounce from here up to $17.2k-$17.3k level and after that again starts dumping.
So as of now I'm expecting a relief bounce in shorter time frame. In HTF, BTC still looks bad. Until and unless we did not get a weekly close above $18.5k thing not going good for us.
Let's see how things goes in the next few hours.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. In my previous BTC update i clearly told you that BTC is not break above $18.2k level and we might see a rejection from there and exactly the same happened.
So what's next?
As of now, BTC holding the green support area ($16.5k-$16.8k) and we might see a bearish retest from here. According to the chart, BTC should bounce from here up to $17.2k-$17.3k level and after that again starts dumping.
So as of now I'm expecting a relief bounce in shorter time frame. In HTF, BTC still looks bad. Until and unless we did not get a weekly close above $18.5k thing not going good for us.
Let's see how things goes in the next few hours.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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