BTC UPDATE
The bullish momentum on higher timeframes is currently losing strength.
However, the lower timeframes show an oversold market with the potential for forming a departure leg.
Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between 40k and 43k.
If the price breaks support at $40,275, a retest at $36,748 may occur.
Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.
Remember to be cautious during choppy market conditions and consider staying on the sidelines.
Trading isn't mandatory every day, and preserving gains is crucial.
Happy weekend. ✨✨
~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘
However, the lower timeframes show an oversold market with the potential for forming a departure leg.
Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between 40k and 43k.
If the price breaks support at $40,275, a retest at $36,748 may occur.
Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.
Remember to be cautious during choppy market conditions and consider staying on the sidelines.
Trading isn't mandatory every day, and preserving gains is crucial.
Happy weekend. ✨✨
~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘
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.