Hello traders,
Here's a quick update on BTC in the 3-day timeframe:
BTC has rebounded from the lower support level but is currently facing resistance at the 21 MA near $86K. The candle needs to break above this resistance to confirm the continuation of the rebound. Failure to do so may result in a rejection, potentially dragging the price below $80K.
Strategy:
~ Accumulation: $74k to $80k.
~ Short-term Target: $100k.
~ Mid-term Target: $130k.
~ Long-term Target: $150k and above.
Note: Always do your own research analysis before investing.
Here's a quick update on BTC in the 3-day timeframe:
BTC has rebounded from the lower support level but is currently facing resistance at the 21 MA near $86K. The candle needs to break above this resistance to confirm the continuation of the rebound. Failure to do so may result in a rejection, potentially dragging the price below $80K.
Strategy:
~ Accumulation: $74k to $80k.
~ Short-term Target: $100k.
~ Mid-term Target: $130k.
~ Long-term Target: $150k and above.
Note: Always do your own research analysis before investing.
Trade active
BTC Update:
BTC is showing a breakout above the 21 MA resistance. With almost 9 hours left before the 3-day candle closes, it’s crucial for BTC to close above the 21 MA.
Let’s hope it plays out accordingly.
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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.
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.