BITCOIN - Weak Market ❌
Mis à jour
Bitcoin is trying to stay above the $ 35,500 support level. If it stabilizes below the $ 34,000 range, then the start of the downtrend will be definite.
There is still no market power. We may see high volatility to liquidate both long and short positions during the weekend.
Be sure to put a proper stoploss without greed!
Crossing the $ 37,000 area would mean that the bulls would give some strength.
Note: On a 1-Hour chart, The thickness of the Ichimoku cloud is increasing, and also one of its lines has become completely horizontal, which indicates important support in the current range and the possibility of returning to its resistance.
There is still no market power. We may see high volatility to liquidate both long and short positions during the weekend.
Be sure to put a proper stoploss without greed!
Crossing the $ 37,000 area would mean that the bulls would give some strength.
Note: On a 1-Hour chart, The thickness of the Ichimoku cloud is increasing, and also one of its lines has become completely horizontal, which indicates important support in the current range and the possibility of returning to its resistance.
Commentaire
Right now, the main expectation is a move to retest 34600, 32600, and 30600 supports.
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