So we can see BTC has closely reached the previous Fib at 1.618 25.7k and make a reversal on it.
With considering the End of the Terra and "Done" Kwon, we shall see a slightly recovery on BTC and alts. so I may target the 34.3K range would be a resistance area that BTC may drop back, if it breakthrough, We may consider the Yearly low was formed in 2022.
Position: Long at 29K to 30K (beware on 1Hr chart to see any Higher low was formed)
CL: 28.8k
TP:
1. 34.3K
2. Bull Market is back
IMO, I would say it should be a short term recovery since we havent seen a crash like previous massive drop yet. so it maybe a short squeeze.
With considering the End of the Terra and "Done" Kwon, we shall see a slightly recovery on BTC and alts. so I may target the 34.3K range would be a resistance area that BTC may drop back, if it breakthrough, We may consider the Yearly low was formed in 2022.
Position: Long at 29K to 30K (beware on 1Hr chart to see any Higher low was formed)
CL: 28.8k
TP:
1. 34.3K
2. Bull Market is back
IMO, I would say it should be a short term recovery since we havent seen a crash like previous massive drop yet. so it maybe a short squeeze.
Note
doesnt look good as bullish view.Seems bearish market will continue.
will see.
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.
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.