With markets being greedy and prices being overbought, we are not seeing much bullish movement here (at least not for long). We are still seeing signs of turnover; the only question is, when?
As the surge of the $40K zone is increasing and it is acting almost like a magnet, there is a chance of having a shorts squeeze near this zone, but as soon as we reach it, we are seeing a really nice drop to come after that.
Swallow Team
As the surge of the $40K zone is increasing and it is acting almost like a magnet, there is a chance of having a shorts squeeze near this zone, but as soon as we reach it, we are seeing a really nice drop to come after that.
Swallow Team
Note
BTC is showing us a sharp movement to lower zones upon closing the weekly candle, trying to not let price secure above $38K zone
Note
Breaking this resistance and 100EMA is mandatory for further downward movement
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.