๐ฅ $BTC after dropping yesterday, it has managed to find a support trend line 'roughly' around the $62k area. Since then, it has managed to bounce slightly off this level ๐.
Currently, there are a few resistance areas above at $62,600 and a resistance trend line at $63,800 ๐ง.
If we can build some momentum and break above the first level of resistance, then we should hopefully be able to head towards the upper resistance trend line ๐.
However, we now have the support trend line sitting around $61,800 ๐. What do you think? ๐ค Are we able to break this level of resistance and continue higher, or are we going to head back and test that level of support first with lower targets below? Just in case you don't hold, let me know your thoughts ๐ฌ. #BTC #BTC Price Analysis#
A fully interactive command centre powered by 22 CMC Agent Hub skills โ real-time market data, technical analysis, breakout scanning, AI research, 15 signal-weighted engine all in one ๐ค So I'm currently set my strategy to risky. The threshold is 16/24 currently, the score breakdown is at 17. Itโs been a few days since it's finally hit the threshold as the market has been extremely volatile and has tested lower support levels, from the prep scanner. We can see that number one is $AAVE . Is the market finally going to push back higher? Time will tell. ๐ #CMCAgentHub @CoinMarketCap @BNBChain @TrustWallet #AAVE
Bitcoin June Alert: Testing $65,500 Support โ Rebound or Drop to $59K? ๐๐
The cryptocurrency market has entered June with significant volatility, making it an opportune time to provide an update on Bitcoin (BTC) and its current support and resistance levels. ๐ Examining BTC from the daily candle timeframe, it is crucial to note that since Bitcoin fell below $77,000, the monthly candle close for May also closed unfavourably below this threshold. This development is concerning. ๐ Currently, the price is testing a key support level at $65,500. If a higher timeframe candle close occurs above this level, there is optimism that the price will rebound from this point. ๐ However, if the price closes below this support level in a higher timeframe candle, the next level of interest is approximately $59,000. Detailed targets and price levels can be observed in the accompanying charts. ๐ $BTC #BTC Price Analysis# #BTC
Crude oil plummeted below $100 today, experiencing extreme volatility. ๐ Consequently, Iโve updated my analysis and levels. Iโll be closely monitoring this weekโs developments. ๐ Weโve observed a drop and a test of a support trend line approximately at $94. ๐ While it briefly fell below this level, the price managed to close above it in a four-hour candle. ๐ Additionally, thereโs a resistance trend line above around $102, currently trading between these levels. ๐ With targets set above and below, you can refer to the provided chart. ๐ At the moment, the market appears somewhat indecisive, so itโll be intriguing to see how it unfolds over the next few days. ๐ค What are your thoughts? Iโd love to hear your insights. ๐ฌ $USOIL $CL #uso