$BTC - Deviation or Continuation?
Bitcoin retraces to the previous value area.
On the daily chart, price deviated above our VWAP and is now retesting its upper band.
Currently, price is retesting the previous range high. If this level holds, a complacency bounce is likely.
Immediate resistance to break is around 70.7k (pdPOC). A rejection at this level could drive price down to 68k (pwVAH) and potentially further to 66.4k (pwVAL), sweeping through imbalances (single print/poor low).
On the daily chart, price deviated above our VWAP and is now retesting its upper band.
Currently, price is retesting the previous range high. If this level holds, a complacency bounce is likely.
Immediate resistance to break is around 70.7k (pdPOC). A rejection at this level could drive price down to 68k (pwVAH) and potentially further to 66.4k (pwVAL), sweeping through imbalances (single print/poor low).
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.