Daily BTC Review: stepping to the next level? Or not? TEXT
Friends,
Welcome to my Daily BTC Review, yesterday, at the start of the week, we observed a strong upside impulse after the US trading session began. Is it a good sign or just deception?
For the last 24 hours, we've got rejected from the 41300, we can consider this as a strong seller presence.
Now we are exactly in the middle of big range of 39200 - 42000 and there are 3 possible scenarios:
🟢 We're starting to conquer the important resistance level of 42000, probably will be rejected to retest the current level of 40800 and heading to 44000 as a main target
🟡 To retest current support zone on 39200, then get bounced back to 41000
🔴 And the worst scenario is falling to lower flour of 37200 to collect some liquidity by liquidation Long traders
Share your thought, which scenario you consider as the most probable?
Welcome to my Daily BTC Review, yesterday, at the start of the week, we observed a strong upside impulse after the US trading session began. Is it a good sign or just deception?
For the last 24 hours, we've got rejected from the 41300, we can consider this as a strong seller presence.
Now we are exactly in the middle of big range of 39200 - 42000 and there are 3 possible scenarios:
🟢 We're starting to conquer the important resistance level of 42000, probably will be rejected to retest the current level of 40800 and heading to 44000 as a main target
🟡 To retest current support zone on 39200, then get bounced back to 41000
🔴 And the worst scenario is falling to lower flour of 37200 to collect some liquidity by liquidation Long traders
Share your thought, which scenario you consider as the most probable?
Trade closed: target reached
