BTCUSD (Bitcoin) Bull and bear case
BTCUSD showed a sell-off after Fed meeting minutes.
Bear case-
Levels to watch- $42980 (55- day EMA). Any daily close below that level confirms intraday bearishness.
Bull case-
Primary supply zone -$44100. The breach above confirms minor trend continuation.
if move up after trendline testing It is good to buy on dips around $42000
SL $41700
TP of $52000.
Bear case-
Levels to watch- $42980 (55- day EMA). Any daily close below that level confirms intraday bearishness.
Bull case-
Primary supply zone -$44100. The breach above confirms minor trend continuation.
if move up after trendline testing It is good to buy on dips around $42000
SL $41700
TP of $52000.
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