Following a 50% drop from $69k ATH, Bitcoin resume its major deadcat bounce with a 20% increase so far. The market has multiply supply zones (S1, S2, S3) that needs to be invalidated before we change bias to Bullish.
I will be looking at short opportunities on the major supply zones. There is no reason to long on short term at the moment. Analysis on price action progress will be uploaded accordingly.
Note; The only bullish signal will be a strong uptrend on the weekly.
I will be looking at short opportunities on the major supply zones. There is no reason to long on short term at the moment. Analysis on price action progress will be uploaded accordingly.
Note; The only bullish signal will be a strong uptrend on the weekly.
Note
Correction: 35% pullback from 33k$ low.
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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.