#Bitcoin ShortTerm Update
Bitcoin Market Update:
BTC.D spiked up last night but is now trading doij. Both Bitcoin and BTC.D trading doji.
📝 BTC.D is teasing the resistance and I expect a dip soon from here though it could take a few days as US stock indices are pushing down and different tech earnings will lead the indices for the next few days.
⚠️ Bitcoin can dip to $21,500 without a big deal as that is our support - this has been mentioned for the past week as a possibility, however, testing it will be better as it will allow Bitcoin to flip that as a support, which would be bullish. As you know $25,000 is the resistance 🤝
The US stock indices will lead the market and altcoins will follow Bitcoin.
Intraday:
The intraday chart is choppy and still trading between the intraday smaller range area.
1️⃣ A bullish breakout above $23,110 (POI) is required to get a long towards $25,000 - 🚀
Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.
2️⃣ A dip to $22,230 (POI) is also possible before getting a bullish move - 🦞
3️⃣ Below $22,230 (POI) an intraday range breakout will occur to the downside targeting $21,400 & below - 🧸
🚨 I will be carefully monitoring the market sentiment to get a trade.
Below $20,950 is a short area too. We now need to wait for the market to lead us.
BTC.D spiked up last night but is now trading doij. Both Bitcoin and BTC.D trading doji.
📝 BTC.D is teasing the resistance and I expect a dip soon from here though it could take a few days as US stock indices are pushing down and different tech earnings will lead the indices for the next few days.
⚠️ Bitcoin can dip to $21,500 without a big deal as that is our support - this has been mentioned for the past week as a possibility, however, testing it will be better as it will allow Bitcoin to flip that as a support, which would be bullish. As you know $25,000 is the resistance 🤝
The US stock indices will lead the market and altcoins will follow Bitcoin.
Intraday:
The intraday chart is choppy and still trading between the intraday smaller range area.
1️⃣ A bullish breakout above $23,110 (POI) is required to get a long towards $25,000 - 🚀
Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.
2️⃣ A dip to $22,230 (POI) is also possible before getting a bullish move - 🦞
3️⃣ Below $22,230 (POI) an intraday range breakout will occur to the downside targeting $21,400 & below - 🧸
🚨 I will be carefully monitoring the market sentiment to get a trade.
Below $20,950 is a short area too. We now need to wait for the market to lead us.
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