🔥 Bitcoin Short-Term Overview: Watch This Resistance!As of the US market open a moment ago, Bitcoin is seeing a major pump, alongside the stock markets.
This pump is obviously great for bulls, but it remains to be seen if the bulls will actually carry through this time.
As seen on the chart, BTC has been bouncing off the purple resistance for over a week at this point. My best guess would be that this resistance will cause some trouble for bulls, as it's a great entry point for shorts to enter.
If the buyers can push BTC through this resistance it would indicate short-term market strength at the very least, potentially even a longer-term trend reversal. For now, the top two blue targets are in play once we push through the resistance line.
The more likely case would be that the resistance will hold and cause a reversal. We've been making lower-highs for some time now, so I wouldn't be surprised if we continue to do so. Bottom blue lines are the bearish targets.
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🔥 PEPE Falling Wedge: Ideal Reversal PointPEPE is one of the hottest tokens at the moment, which makes it a very attractive token to scout for potential entries.
PEPE has hit its first hourly oversold moment since it started trading on Binance. This has often been a great time to step into volatile tokens.
Furthermore, PEPE appears to be trading in some sort of falling wedge pattern, which is a bullish reversal pattern.
If BTC will stop dumping, I'm confident that PEPE will move towards the top resistance of the pattern, potentially even break out through it.