💎₿TC: 40k-41k Will Act as Demand Zone.
Hello Dear Traders,
As u can see in chart i have marked a rectangle which defined equilibrium of market.
when previously btc dumped frm 40k area, it became fresh supply zone bt after few days btc broke this supply zone and pumped hard.
now btc is coming back to this supply zone bt now this supply zone will act as fresh demand zone for btc.
once we test 40k we will see strong buying pressure in btc.
Also in few hours we will have weekly and monthly closing which is very important event for entire crypto market.
weekly candle is closing strong bearish, will post analysis after closing
As u can see in chart i have marked a rectangle which defined equilibrium of market.
when previously btc dumped frm 40k area, it became fresh supply zone bt after few days btc broke this supply zone and pumped hard.
now btc is coming back to this supply zone bt now this supply zone will act as fresh demand zone for btc.
once we test 40k we will see strong buying pressure in btc.
Also in few hours we will have weekly and monthly closing which is very important event for entire crypto market.
weekly candle is closing strong bearish, will post analysis after closing
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.