#BTC
BTC Opinion Update:
On the smaller timeframes, price is starting to test the upward pressure zone. After it was blocked once the day before yesterday, following two days of consolidation, it has resumed its push upward again!
After breaking through the pressure zone, watch for signs of a pullback. If there’s no quick retest and it forms a real breakout structure directly, then this move will most likely push toward the vicinity of 88k, and possibly even higher!
If price doesn’t hold after the breakout and quickly falls back below and re-enters the horizontal resistance line, then you can refer to a false breakout structure.
If it’s a false breakout, the support below is around 785.00!
BTC Opinion Update:
On the smaller timeframes, price is starting to test the upward pressure zone. After it was blocked once the day before yesterday, following two days of consolidation, it has resumed its push upward again!
After breaking through the pressure zone, watch for signs of a pullback. If there’s no quick retest and it forms a real breakout structure directly, then this move will most likely push toward the vicinity of 88k, and possibly even higher!
If price doesn’t hold after the breakout and quickly falls back below and re-enters the horizontal resistance line, then you can refer to a false breakout structure.
If it’s a false breakout, the support below is around 785.00!
