The levels for this week are now printed in black and white. 📊
KuCoin reported on 3 November that Bitcoin is watching support at 76,000 to 76,600 dollars and resistance at 79,500 to 80,500 dollars, after United States equities slipped, with the Nasdaq down 1.07 percent and the S and P 500 down 0.51 percent. 🚀 My reading is that these two zones frame the whole week, because Bitcoin at 77,384 sits between them with no edge either way. A hold above 76,000 keeps the recovery alive, a reclaim of 79,500 opens the door to 80,500, and a loss of 76,000 hands control back to sellers. Until one zone breaks, every smaller move is noise inside the frame.
Which zone breaks first this week, 76,000 below or 79,500 above? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinAnalysis
KuCoin reported on 3 November that Bitcoin is watching support at 76,000 to 76,600 dollars and resistance at 79,500 to 80,500 dollars, after United States equities slipped, with the Nasdaq down 1.07 percent and the S and P 500 down 0.51 percent. 🚀 My reading is that these two zones frame the whole week, because Bitcoin at 77,384 sits between them with no edge either way. A hold above 76,000 keeps the recovery alive, a reclaim of 79,500 opens the door to 80,500, and a loss of 76,000 hands control back to sellers. Until one zone breaks, every smaller move is noise inside the frame.
Which zone breaks first this week, 76,000 below or 79,500 above? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinAnalysis
