Market viewpoint today
1. BTC:
- In the 4H timeframe, the H4 candle reacted with a good lower wick pullback; the price line has successfully held the major bottom at 59k.
- However, the wick sweep that broke through support also shows that this is only a price reaction signal, and it is still affected by the bigger trend, which is bearish. At this time, we lean toward a scenario of BTC falling when it touches resistance at 61k.
- Everyone can look for an entry point for a Short when the price retests the 61k resistance level.
2. Gold
- In the larger downtrend, Gold is having a mild rebound from the lower boundary of the declining channel.
- Up to now, XAU has rebounded from the price area around the 3960 mark up to 4040, and the candle pattern is showing signals in favor of the buyers.
- Everyone can look for an entry point for Long Scalp toward 4100, and Short with the larger trend when the price retests the 4100-4120 resistance zone.
Note: This is not investment advice or a call to invest; everyone should carefully consider before referring to it.
Wishing everyone a smooth and effective trading day ❤️
Join the People Who Accompany group:
- Zép lào DropLane: không 91 một 27 bốn bốn ba 8
- Tờ lờ DropLane: +84 91 một 27 bốn bốn ba 8
#NguoiDongHanh #Trader #BTC #XAU
1. BTC:
- In the 4H timeframe, the H4 candle reacted with a good lower wick pullback; the price line has successfully held the major bottom at 59k.
- However, the wick sweep that broke through support also shows that this is only a price reaction signal, and it is still affected by the bigger trend, which is bearish. At this time, we lean toward a scenario of BTC falling when it touches resistance at 61k.
- Everyone can look for an entry point for a Short when the price retests the 61k resistance level.
2. Gold
- In the larger downtrend, Gold is having a mild rebound from the lower boundary of the declining channel.
- Up to now, XAU has rebounded from the price area around the 3960 mark up to 4040, and the candle pattern is showing signals in favor of the buyers.
- Everyone can look for an entry point for Long Scalp toward 4100, and Short with the larger trend when the price retests the 4100-4120 resistance zone.
Note: This is not investment advice or a call to invest; everyone should carefully consider before referring to it.
Wishing everyone a smooth and effective trading day ❤️
Join the People Who Accompany group:
- Zép lào DropLane: không 91 một 27 bốn bốn ba 8
- Tờ lờ DropLane: +84 91 một 27 bốn bốn ba 8
#NguoiDongHanh #Trader #BTC #XAU