Current Technical Diagnosis $BTC
Local Double Top: The current peak hit the previous high of $80,520. After that rejection, the current candle leaves a clear upper wick with a red candle forming, showing that sellers are strongly defending the $80.5k resistance.
Overextension of MAs: The price ($80,282) is hovering well above the MA(7) ($79,855) and the MA(25) ($79,717). In scalping, such a pronounced separation usually calls for a defensive pullback to retest support levels.
Go after $85k now? On the 15m timeframe, there isn’t enough institutional volume to project a continuous rally toward $85,000 without first consolidating or pulling back.
$NVDAB $LINK
Local Double Top: The current peak hit the previous high of $80,520. After that rejection, the current candle leaves a clear upper wick with a red candle forming, showing that sellers are strongly defending the $80.5k resistance.
Overextension of MAs: The price ($80,282) is hovering well above the MA(7) ($79,855) and the MA(25) ($79,717). In scalping, such a pronounced separation usually calls for a defensive pullback to retest support levels.
Go after $85k now? On the 15m timeframe, there isn’t enough institutional volume to project a continuous rally toward $85,000 without first consolidating or pulling back.
$NVDAB $LINK
