BTC - 4h. Sellers are not showing the expected aggression. $56k?
Hello colleagues. During the day, nothing has changed in the BTC market. Buyers managed to practically test the mark of $50,000. The all-time high on Binance was recorded at $49,998. The price continues to move in consolidation and now it is the sellers' turn to show their strength.
However, at the moment we do not see any aggressive actions on the part of sellers. If the situation continues in the same way - the maximum that sellers can hope for is the mark of $46,000. Moreover, depending on the specifics of the market, such a breakdown will be very fast and buyers will be able to quickly return the price and start a new impulse with a target of $56,000.
In the worst case scenario for sellers, the price will not drop below $48,150.
The wound from yesterday's fall in the crypto market healed quickly enough. Some coins have updated their highs. Therefore, the hypothesis of shorts, which should be looked at, is postponed.
__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
However, at the moment we do not see any aggressive actions on the part of sellers. If the situation continues in the same way - the maximum that sellers can hope for is the mark of $46,000. Moreover, depending on the specifics of the market, such a breakdown will be very fast and buyers will be able to quickly return the price and start a new impulse with a target of $56,000.
In the worst case scenario for sellers, the price will not drop below $48,150.
The wound from yesterday's fall in the crypto market healed quickly enough. Some coins have updated their highs. Therefore, the hypothesis of shorts, which should be looked at, is postponed.
__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.