When an analysis comes together flawlessly, it's a sight to behold.
As I said in yesterday's piece, I expected a drop below yearly and monthly levels to capture liquidity, which we received, and now we're seeing some reversal.
The levels to keep an eye on right now are $47,500 and $48,500, both of which are daily Naked point of control.
For the time being, it appears that the price has settled into a narrower range, with the point of control near $47300.
To see the $52K revisited, I think the price needs to rise and stay above the identified resistance levels.
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Follow us on our socials for more!
Thanks and happy trading :)
As I said in yesterday's piece, I expected a drop below yearly and monthly levels to capture liquidity, which we received, and now we're seeing some reversal.
The levels to keep an eye on right now are $47,500 and $48,500, both of which are daily Naked point of control.
For the time being, it appears that the price has settled into a narrower range, with the point of control near $47300.
To see the $52K revisited, I think the price needs to rise and stay above the identified resistance levels.
<———————————————>
Follow us on our socials for more!
Thanks and happy trading :)
