🎯 $BTC - Daily price update:
As expected yesterday, we saw a bullish correction to retest the 89,000 - 90,000$ resistance area!
The current price area remain pretty neutral on the daily basis.
The bearish scenario remain valid below the downtrend and the 94,500$ upper big resistance! ⚠️
If we zoom on the weekly view, this is a good sign for the bulls are we tested nicely 2 time the Kijun line, but as we are neutral and overbuy on the monthly basis, we can expect supports to be break later!
💡So, what to do now?
🔸As prices is pretty neutral on the weekly & Daily basis, the best things to do is to short at resistances I mentionned;
🔸As I shared on the [H4 view] prices might move sideway between the [89,000 - 90,000] & [82,000 - 81,000$ area]
🔸My medium term outlook remain in favor of the bear, you can review my WEEKLY update for additional informations.📉
🔸If #btc price break & consolidate above 90,000$, then it will surely move upward toward 94,500 - 95,000$
🔹As BTC price is neutral, and traded below major resistances, we can expect many bearish rejection at/on resistances area⚠️
We have to wait for key levels to be break to trade on higher TF.
I hope this is helpfull for you.
Success rate of my insight > 80% every day's🏆.
This is not a financial advice. #DYOR
#Bitcoin❗ #crypto
As expected yesterday, we saw a bullish correction to retest the 89,000 - 90,000$ resistance area!
The current price area remain pretty neutral on the daily basis.
The bearish scenario remain valid below the downtrend and the 94,500$ upper big resistance! ⚠️
If we zoom on the weekly view, this is a good sign for the bulls are we tested nicely 2 time the Kijun line, but as we are neutral and overbuy on the monthly basis, we can expect supports to be break later!
💡So, what to do now?
🔸As prices is pretty neutral on the weekly & Daily basis, the best things to do is to short at resistances I mentionned;
🔸As I shared on the [H4 view] prices might move sideway between the [89,000 - 90,000] & [82,000 - 81,000$ area]
🔸My medium term outlook remain in favor of the bear, you can review my WEEKLY update for additional informations.📉
🔸If #btc price break & consolidate above 90,000$, then it will surely move upward toward 94,500 - 95,000$
🔹As BTC price is neutral, and traded below major resistances, we can expect many bearish rejection at/on resistances area⚠️
We have to wait for key levels to be break to trade on higher TF.
I hope this is helpfull for you.
Success rate of my insight > 80% every day's🏆.
This is not a financial advice. #DYOR
#Bitcoin❗ #crypto