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Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out....
As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest.
We have a very strong resistance at the $28k-
29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins.
Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out....
As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest.
We have a very strong resistance at the $28k-
29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins.Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。