#BTCUSDT Technical Analysis and market overview!
#Bitcoin: Broke the red resistance zone; looks like a clean break.
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.
Though the higher time frame (HTF) is still bearish, I expect altcoins and BTC to rally together this week.
My Action? I am going to chill. I have a good altcoin bag and am ready to buy more at lower prices if the opportunity shows up!
The price is likely to hold the channel in the short term. $45,369 is the local resistance and the high of this channel in case we move higher and break the midline of the channel.
Your thoughts?
Bookmark this chart to stay updated!
Cheers
#Crypto #BTC
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.
Though the higher time frame (HTF) is still bearish, I expect altcoins and BTC to rally together this week.
My Action? I am going to chill. I have a good altcoin bag and am ready to buy more at lower prices if the opportunity shows up!
The price is likely to hold the channel in the short term. $45,369 is the local resistance and the high of this channel in case we move higher and break the midline of the channel.
Your thoughts?
Bookmark this chart to stay updated!
Cheers
#Crypto #BTC
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