Can buyers hold support here on btcusd?
This is a crucial level right now for btc but I’m in favor of buys until I see a break below 37000. Btc is bullish on all time frames and on lower time frames we have broken resistance and are looking for support to be maintained. On time frames such as the daily and weekly we are seeing nothing buy rejections to the upside but I like the bullish engulfing on the daily and the weakness of sellers on current and last weekly candles.
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.