BTCUSDT $30028 Quick Update
Bulls hve 28700-28400 as support. Price must stay above 27500-27300 for the confident momentum to be sustained.
Bears could control the trend if price breaks below the 27500 zone
Since the higher time frame indicators (3D-Wmacd) are still “hot bullish”, bulls could stay confident by trying to support every support zone.
But would not be supprised if the W closes red. As long as it closes above 28400 (about 50% retracement), it could be considered as part of the correction.
Also watch the btc.d in the upcoming days, there is a potential continuation towards 53-54%, which could potentially indicate a possible break/retest of 31.5k.
If it fails to break 31.5k on the next attempt(s), confidence from buyers could decrease and this could be a sign that bears could be accumulating shorts at 31.0-31.5k. (Will cover this in details in the W update)
So key levels to watch in the next few days:
28700-28400 ~50% retracement
27500-27300 Bears taking control
31300-31500 Need to be broken potentially on the next attempt(s)
Bears could control the trend if price breaks below the 27500 zone
Since the higher time frame indicators (3D-Wmacd) are still “hot bullish”, bulls could stay confident by trying to support every support zone.
But would not be supprised if the W closes red. As long as it closes above 28400 (about 50% retracement), it could be considered as part of the correction.
Also watch the btc.d in the upcoming days, there is a potential continuation towards 53-54%, which could potentially indicate a possible break/retest of 31.5k.
If it fails to break 31.5k on the next attempt(s), confidence from buyers could decrease and this could be a sign that bears could be accumulating shorts at 31.0-31.5k. (Will cover this in details in the W update)
So key levels to watch in the next few days:
28700-28400 ~50% retracement
27500-27300 Bears taking control
31300-31500 Need to be broken potentially on the next attempt(s)
