BTC: Bitcoin🦍Gorilla & The Bulls Plan to Bounce (TA 54k to 56k)

Hi, Welcome to this BTC update with Bitcoin🦍 Gorilla. These Bears are not smiling but I see these bulls are also not here to joke so this won't go down just yet.. bulls are not going down easily as I see some good possible bounce for bulls as they struggle to recover the 48k broken support. Now please do keep at the back of your Mind that this dump is far from over just yet but the current support area is strong enough to give some buy power with the capability of supporting the buyers with some buy strength to attempt the sellers line again(THIS IS STRICTLY BASE ON PRICE ACTION).

A closer look at 4hr chart says we likely to see a 3rd leg bounce to the same resistance sellers line where I mark with a red line below

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But mind you chances of getting rejected is here at around that area. Now mind you that 42k is also a support so we have lots of support lingering below now that will make this bounce possible as this supports are daily chart

My TA is simple, The current bounce is likely to hit 54k to 56k area at worst 58k. I do Intend shorting this resistance as we are likely to see a bigger dip 40k to 38k TA range for short.

Remember this is just my opinion on this market, Do your diligent research and I wish you good out here

Commentaire:

The Bulls are still Battling to hold the 48k support, A stronger support area is 42k if they fail to hold up the 48k current support

Commentaire:

48k is our current active support, and I don't see this bulls giving it up easily
as the 54k to 56k plan is still in play

Commentaire:

BTC Arrived at 42200, We likely to see a strong bounce around here, also we will get a retest bounce here to 56k