$BTC Couldn't break the 88,700 resistance. However, it is still sitting around the 88,300 local resistance.
$BTC is showing some strength on the 4hr chart with a double green propeller candles. With strong volume, the resistance could be shattered and the 90,000 zone can be reclaimed.
On the monthly chart, $BTC got rejected but the December propeller candle has not been breached yet and BTC still looks bullish.
On the flip side, there is a huge liquidity sitting around 86,400. BTC may decide to go for this liquidity and continue downstairs for the 84,500 support thereby recording another red day.
PREDICTION FOR THE DAY.
The daily trendline has not been breached yet. BTC is likely to touch the 89,500 order block. 90,000+ closing price is possible for the day.
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#FedWatch
$BTC is showing some strength on the 4hr chart with a double green propeller candles. With strong volume, the resistance could be shattered and the 90,000 zone can be reclaimed.
On the monthly chart, $BTC got rejected but the December propeller candle has not been breached yet and BTC still looks bullish.
On the flip side, there is a huge liquidity sitting around 86,400. BTC may decide to go for this liquidity and continue downstairs for the 84,500 support thereby recording another red day.
PREDICTION FOR THE DAY.
The daily trendline has not been breached yet. BTC is likely to touch the 89,500 order block. 90,000+ closing price is possible for the day.
Follow for more
#FedWatch
