๐๐๐BTC Urgent urgent urgent update๐๐๐
1๏ธโฃ BTC DUMP now, but is there a possibility of it rising again and rebounding from areas of 60600 or less? The answer is between 80%, which says a violent decline, and 20%, which is very weak, which says there is a possibility of a rise again.
2๏ธโฃ As I spoke about several hours ago, the retest zone is 60800, and we are now in the same zone as well. It is a break zone in the RSI 4H indicator at the point of 39.32. Our closest target is 41.08. The real target is a breakout of 43.99. Why, because it is the closest PUMP zone currently, we cannot confirm the rise unless we break the 60800 zone. And go to 61100, and here is a retest of the rise because there are many tails on this area. Failure to penetrate 61700 means failure of the rise, and it is basically a Short area, so when it reaches it, be careful of trading in it.
3๏ธโฃ The very good thing is that the dollar domain has not yet penetrated the 5.12 area. We are now in the 5.07 area. It is not good, but it is also important to get down from it as well. Liquidity is in the 2.189 area. The target is very close to the 2.197 area. I also see that liquidity has begun to move in the RSI indicator. A strong upward movement is expected during the next hours for the market currently. We wait for the 4H close if it is positive. In this case, the market will start to recover again, unlike what happened today due to the flows coming out of the SPOT BITCOIN ETF funds. For this reason, the market was in a very strange state of DUMP.
4๏ธโฃ What about ETH now? It is in the area of re-testing the rise, so we are expected to see a sideways movement in ETH. ETH currency is in its worst condition if the rise fails. There are many areas that ETH may go to. Currently we have a good support area of 2868 and a strong support area of 2827. If the rise fails, the maximum fall is between 2827 to 2750. We may see ETH. Now we have a target close to 2929
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