Hey team, Hope you enjoy our ideas and Analysis, We are Monitoring BTCUSD For a Selling Opportunity Around 71550.51
(Reason for Bearish )
-Local critical zones - support areas are formed within the consolidation. There are several scenarios regarding H1-H4. The resistance 68575 - 69000 plays an important role for us.
-False breakout without any reaction. Consolidation. Price pushing to resistance. It seems to be nothing special, but this situation indicates the presence of a strong buyer or the absence of a seller, which is more likely. Friday's closing near the level tells us that the buyer is not finished yet and can continue his actions (buying the asset)
(Reason for Bearish )
-Local critical zones - support areas are formed within the consolidation. There are several scenarios regarding H1-H4. The resistance 68575 - 69000 plays an important role for us.
-False breakout without any reaction. Consolidation. Price pushing to resistance. It seems to be nothing special, but this situation indicates the presence of a strong buyer or the absence of a seller, which is more likely. Friday's closing near the level tells us that the buyer is not finished yet and can continue his actions (buying the asset)