Bitcoin / TetherUSUpdated Bitcoin way forward-near term swing
Bitcoin we had a clean upmove from the zones marked at the start of the week.
Move to T2 areas failed, signaling structural weakness.
Now that region of 33800-34K will be a potential resistance zone. Looking for a sweep lower , may be a potential spike to take out stops before the upmove can resume.
Alternate scenario -2 reclaim back 33800 areas
Move to T2 areas failed, signaling structural weakness.
Now that region of 33800-34K will be a potential resistance zone. Looking for a sweep lower , may be a potential spike to take out stops before the upmove can resume.
Alternate scenario -2 reclaim back 33800 areas
Note
scenario 2 in play, 34250-500 is a good base now.
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