$BTC 1D Chart Analysis - Latest Update:
Hello everyone, I want to provide you with the latest update regarding the BTC 1D chart analysis I shared earlier.
Current Market Sentiment:
This morning, I mentioned that BTC had already reached 28k, and there might be a slight drop of around 1% or 27500. However, the market dropped by approximately 0.70% and then formed a reversal trend, breaking today's high.
Now, I can see that the Fibonacci Level has been broken at 38.20% (27998.3), and yesterday, there was a breakout below the Lower Resistance at 27480. To confirm a real breakout, BTC needs to break above the Upper Resistance at 28168. This breakout might happen tomorrow as it requires the closing of a 1D candle for confirmation.
It's possible that tomorrow we'll see BTC reaching our expected targets.
For all the long position holders, please hold your positions until you receive my updates. If there are any changes, I will provide an update here.
Always trade with proper risk management because the BTC market exhibits high volatility, so it's crucial to understand the risks involved.
Thank you.
Author(X&T) : KingofBTC2024
$SOL $PERP $KEY
