BTC / USDT
Bitcoin still consolidate below strong resistance
(This action remind me of ETH below 3300$)
📌 Bulls Are In Full Control
but for breakout confirmation we need daily close above 51k,5 - 52k (0.618 Fibonacci) for a potential move to 54k - 57k - ATH
As long as we Below 51k daily ...short term traders / scalpers should take profits partially and dont fomo in market because there are a chance for shakeout (high funding rate in most of altcoins)
📌 Invalidation of bullish sentiment in short term
if btc dumped and closed daily below 46k next support should be 43k-42k
📌 Summary :
Support levels : 46k - 43k
Resistance : 51k - 54k - 57k
Risk management is key for success in market
Best regards 🙏
Bitcoin still consolidate below strong resistance
(This action remind me of ETH below 3300$)
📌 Bulls Are In Full Control
but for breakout confirmation we need daily close above 51k,5 - 52k (0.618 Fibonacci) for a potential move to 54k - 57k - ATH
As long as we Below 51k daily ...short term traders / scalpers should take profits partially and dont fomo in market because there are a chance for shakeout (high funding rate in most of altcoins)
📌 Invalidation of bullish sentiment in short term
if btc dumped and closed daily below 46k next support should be 43k-42k
📌 Summary :
Support levels : 46k - 43k
Resistance : 51k - 54k - 57k
Risk management is key for success in market
Best regards 🙏
