Bitcoin is currently reacting from a major support zone, following a sharp selloff. The chart shows a potential bullish bounce from a highlighted demand area (yellow marker), but the rejection at the 50 EMA and the 0.618 Fibonacci level (~$89.5K) is critical resistance.
Watch for structure shift and liquidity grabs (SFPs marked) as key signs of the next move. 🕵️♂️
Watch for structure shift and liquidity grabs (SFPs marked) as key signs of the next move. 🕵️♂️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.