Bitcoin 4H Chart
Hi folks,
📌Bitcoin, which peaked at 31K, has experienced a decrease of approximately 8%. As of now, it is trading at 28850 USDT.
📌28800 is a strong support and a healthy correction is expected as long as it doesn't close below this level.
📌29339 is an important resistance that needs to be regained in the short term (last bullish Fib 0.5).
📌There are two nice dip zones formed in the RSI, and I now expect to see a rise from here. This is my expectation.
📌If it closes below 28800, the next target area is 26875, which I do not think will be very healthy for the market
Hi folks,
📌Bitcoin, which peaked at 31K, has experienced a decrease of approximately 8%. As of now, it is trading at 28850 USDT.
📌28800 is a strong support and a healthy correction is expected as long as it doesn't close below this level.
📌29339 is an important resistance that needs to be regained in the short term (last bullish Fib 0.5).
📌There are two nice dip zones formed in the RSI, and I now expect to see a rise from here. This is my expectation.
📌If it closes below 28800, the next target area is 26875, which I do not think will be very healthy for the market
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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.
TradingView'deki avantajlar için : tr.tradingview.com/pricing/?share_your_love=Bullfighterr
IntoTheBlock için: app.intotheblock.com/
CryptoQuant için: cryptoquant.com/sign-up?my-friend=6s1a59g3
IntoTheBlock için: app.intotheblock.com/
CryptoQuant için: cryptoquant.com/sign-up?my-friend=6s1a59g3
Related publications
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.