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Teshkid is Crypto
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Bitcoin(BTC) Will The Bears Take Control??
Bitcoin $BTC is breaking down after a massive rally yesterday after Jerome Powell came out dovish in his speech suggesting a rate cut is coming soon.
This rally seems to be loosing steam after rejecting above $117.2k. On the short term I still expect a 50% retrace from the lows we made below $98k. That means we can pullback into the area between $111.3k - $103.8k which is the yellow target box on the charts.
From the Yellow box we should attempt a bounce. If that area fails to hold the watch for a deeper retrace to levels below $98k.
{future}(BTCUSDT)
#BTC #bitcoin
This rally seems to be loosing steam after rejecting above $117.2k. On the short term I still expect a 50% retrace from the lows we made below $98k. That means we can pullback into the area between $111.3k - $103.8k which is the yellow target box on the charts.
From the Yellow box we should attempt a bounce. If that area fails to hold the watch for a deeper retrace to levels below $98k.
{future}(BTCUSDT)
#BTC #bitcoin
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