Market might have a small recovery bounce after yesterday's dump. At this stage all charts (I mean $BTC + NDX/SPX) remain within downtrends on lower timeframes. For Bitcoin worth watching 77440 / 78000 as main resistance zones above.
Monthly 20EMA at ~78460 act as a magnet for price. Weekly 20EMA at ~76850 now act as support. Potentially we may witness consolidation in between those two dynamic HTF levels before price either dump lower or start recovery.
Nearest zone 77700-78500 worth watching for short opportunities, but only after visible confirmed rejection, not to get trapped in bullish impulse to ~79600.
🎯 Nearest Key Levels
Above: 78050 / 79600 / 81398
Below: 76160 / 74990 / 68000
📉 High Timeframe Forecast: I expect a dump during Q4, as the Fed is expected to raise interest rates on December 8–9
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 84875.2, 81954, 78853.5, 76270, 73653, 68241
Monthly 20EMA at ~78460 act as a magnet for price. Weekly 20EMA at ~76850 now act as support. Potentially we may witness consolidation in between those two dynamic HTF levels before price either dump lower or start recovery.
Nearest zone 77700-78500 worth watching for short opportunities, but only after visible confirmed rejection, not to get trapped in bullish impulse to ~79600.
🎯 Nearest Key Levels
Above: 78050 / 79600 / 81398
Below: 76160 / 74990 / 68000
📉 High Timeframe Forecast: I expect a dump during Q4, as the Fed is expected to raise interest rates on December 8–9
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 84875.2, 81954, 78853.5, 76270, 73653, 68241
