Bitcoin / TetherUSShort
BTC: THIS WHOLE PUMP MIGHT BE A BEARISH RETEST!!
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Welcome to this quick BTC update.
BTC bouncing sruprisingly very well from the 20k level. It pumps more than 10% in just few hours. What's next?
As you see in the chart, it reached at the crucial resistance level. This whole pump might be a bearish retest, if we did not manage to break and close above this resistance level.
Also, we have CPI data on Tuesday. So we might see some volatile move on this day.
Overall, I'm expecting a rejection from here.
Invalidation level:- If break and close above 22.5k level tha n this bearish scenario will invalidated.
What do you think about this?
Do you also think we see a rejection from here or do you think that we will break above this resistance and pumps more.
Share your views in the comment section.
If you like this idea than do support it with like and follow.
Thank You!
Welcome to this quick BTC update.
BTC bouncing sruprisingly very well from the 20k level. It pumps more than 10% in just few hours. What's next?
As you see in the chart, it reached at the crucial resistance level. This whole pump might be a bearish retest, if we did not manage to break and close above this resistance level.
Also, we have CPI data on Tuesday. So we might see some volatile move on this day.
Overall, I'm expecting a rejection from here.
Invalidation level:- If break and close above 22.5k level tha n this bearish scenario will invalidated.
What do you think about this?
Do you also think we see a rejection from here or do you think that we will break above this resistance and pumps more.
Share your views in the comment section.
If you like this idea than do support it with like and follow.
Thank You!
Note
BTC breaks the resistance trendline in a single candle and goes above 24k level. Now, BTC once again reached at the crucial level of 24k-
25KInteresting to watch the PA here. If it holds here for a while than Alts will pump hard. Tomorrow we have an important event to watch (CPI data). Let's see how BTC reacts here in the next few hours.
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