$BTC 9th April Friday market update — and opening-trade ideas
Bitcoin’s short positions are still being realized, but we need to pay attention: the previous 4-hour level resistance at $80,500 now appears to have turned into a 4-hour support level.
I’m currently watching whether this area will see further pullback for confirmation. If we get a good reaction here, BTC could attempt to move toward $84,000. But if the 4-hour candlestick closes below $80,500, then the probability of a pullback to $79,000 is very high!
Coins with high volatility this morning: XMR (Monero), DASH (Dash), ONT (Ontology).
Bitcoin’s short positions are still being realized, but we need to pay attention: the previous 4-hour level resistance at $80,500 now appears to have turned into a 4-hour support level.
I’m currently watching whether this area will see further pullback for confirmation. If we get a good reaction here, BTC could attempt to move toward $84,000. But if the 4-hour candlestick closes below $80,500, then the probability of a pullback to $79,000 is very high!
Coins with high volatility this morning: XMR (Monero), DASH (Dash), ONT (Ontology).
