Possibilities of BTC 8H
Let's start the day BTC 8H!
The market price is currently between the MM200 and the 21447 support zone, which shows the tension between sellers and buyers formed there.
The bearish channel remains in force with three possibilities for BTC:
1- Rejection of the 200 MM support, as it hasn't formed a real body below it yet, pulling back towards 22391.
2- Breaking this support zone that will take the price to 20806.
3- Let's go for a new test of the 21386 zone, where its support is. Rejecting this support it will return to 22701
Let's wait for the next movements to see the direction of the market!
Let's start the day BTC 8H!
The market price is currently between the MM200 and the 21447 support zone, which shows the tension between sellers and buyers formed there.
The bearish channel remains in force with three possibilities for BTC:
1- Rejection of the 200 MM support, as it hasn't formed a real body below it yet, pulling back towards 22391.
2- Breaking this support zone that will take the price to 20806.
3- Let's go for a new test of the 21386 zone, where its support is. Rejecting this support it will return to 22701
Let's wait for the next movements to see the direction of the market!
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.
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.