🔥 Bitcoin Bulls Being Tested: Fight For Short-Term Trend
Bitcoin has been gradually trading upwards since the huge move late October. As seen on this chart, BTC has continuously making higher-lows alongside the purple dotted support line.
As of earlier today, BTC hit the support again and saw a bounce from the lows. However, as long as we're below the yellow dotted resistance there might be a higher probability for bears to push through and take the price below the purple support area.
Statistically, bulls have the overhand here. However, be watchful once we get a higher-timeframe close below the purple support area. Longer-term, the price action still is very bullish, but we might get a couple of bearish moments on our way up.
As of earlier today, BTC hit the support again and saw a bounce from the lows. However, as long as we're below the yellow dotted resistance there might be a higher probability for bears to push through and take the price below the purple support area.
Statistically, bulls have the overhand here. However, be watchful once we get a higher-timeframe close below the purple support area. Longer-term, the price action still is very bullish, but we might get a couple of bearish moments on our way up.
Catatan
🎯Catatan
New break out attempt. A daily close above 35.5k would be very bullish.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.