Overall trends
- Main trend: $$BTC has seen a strong adjustment from the area of 106,457 USD down to a low of 76,606 USD, after which it recovered to around 87,161 USD currently.
Resistance:
- 88k2: The nearest short-term resistance zone.
- 94k8: A stronger resistance zone in the medium term.
Support:
- 81k5 - 85k8: The nearest support.
- 76k6: An important support level if the market declines significantly.
For those who enjoy extreme sports and thrills:
- Long if BTC holds above 85k8, target 88k - 94k.
- Short if BTC falls below 85k8, target towards 81k5 - 76k6.
BTC is only at this level, folks, on-chain data still needs to consider the amount of BTC on exchanges, Funding rate, Open interest... and watching whale wallets is exhausting. It would be better to have some volatility to make the market lively, but it’s just so quiet, it's scary.
#BTC #Write2Earn
- Main trend: $$BTC has seen a strong adjustment from the area of 106,457 USD down to a low of 76,606 USD, after which it recovered to around 87,161 USD currently.
Resistance:
- 88k2: The nearest short-term resistance zone.
- 94k8: A stronger resistance zone in the medium term.
Support:
- 81k5 - 85k8: The nearest support.
- 76k6: An important support level if the market declines significantly.
For those who enjoy extreme sports and thrills:
- Long if BTC holds above 85k8, target 88k - 94k.
- Short if BTC falls below 85k8, target towards 81k5 - 76k6.
BTC is only at this level, folks, on-chain data still needs to consider the amount of BTC on exchanges, Funding rate, Open interest... and watching whale wallets is exhausting. It would be better to have some volatility to make the market lively, but it’s just so quiet, it's scary.
#BTC #Write2Earn
