Inside the trading range Bitcoin has moved into a sell-off phase due to the situation in the Middle East. The sell-off could extend to 102500 - 100600. But as the market is trending and bullish, the support at 100600 may hold the price and allow the market to strengthen
Scenario: A false break of the resistance at 105280 is formed. Accordingly, I am initially waiting for a decline to 102500. If 102500 fails to hold the move, bitcoin could then head to the liquidity pool. A false break of 100600 may give a chance for a rise to 105200 - 108200.
Scenario: A false break of the resistance at 105280 is formed. Accordingly, I am initially waiting for a decline to 102500. If 102500 fails to hold the move, bitcoin could then head to the liquidity pool. A false break of 100600 may give a chance for a rise to 105200 - 108200.
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❤️ Telegram channel: t.me/AndeWave
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.