Bitcoin (BTCUSD) Short Term Support and Resistance Levels
Looking for short term support and resistance levels for Bitcoin (BTCUSD).
Price was just rejected at the bearish order block indicated at R1. Currently looking for a break upward past R1 despite the rejection due to our Fractal Trend indicator having a long bias. The next potential resistance if we break up is the bearish order blocks at R2 and then R3.
If we can’t break R1, then the first support level below to watch for is a retest of the last low at S1. Below S1 we can see a number of other support levels at S2 and S3 to look for if S1 can’t hold.
Price was just rejected at the bearish order block indicated at R1. Currently looking for a break upward past R1 despite the rejection due to our Fractal Trend indicator having a long bias. The next potential resistance if we break up is the bearish order blocks at R2 and then R3.
If we can’t break R1, then the first support level below to watch for is a retest of the last low at S1. Below S1 we can see a number of other support levels at S2 and S3 to look for if S1 can’t hold.