📊 MARKET ANALYSIS FOR 18/05
/-li BITCOIN (BTC)
📈 The BTC daily chart is still showing a bearish wave structure, but it's nearing a short-term buy zone. Therefore, any sell orders still held can consider closing around 75k5 - 76k5 or moving the stop-loss to entry to protect capital.
🔥 Price levels from 78k5 to 79k5 are likely to become liquidity.
🔥 The current BTC Sell Zone is at 81k - 82k.
🔥 The BTC Buy Zone will be around 75k5 - 76k4, with the condition for a buy against the trend being the formation of a reversal wave structure on a smaller time frame.
✅ The key level for the reversal phase is 78k6; if the price breaks this level, we can expect a push to higher levels. If it doesn't, any buy orders will just be price reaction plays.
💥 If the price breaks below 75k, we can confirm an 80% chance of a drop from here, folks!
$BTC
/-li BITCOIN (BTC)
📈 The BTC daily chart is still showing a bearish wave structure, but it's nearing a short-term buy zone. Therefore, any sell orders still held can consider closing around 75k5 - 76k5 or moving the stop-loss to entry to protect capital.
🔥 Price levels from 78k5 to 79k5 are likely to become liquidity.
🔥 The current BTC Sell Zone is at 81k - 82k.
🔥 The BTC Buy Zone will be around 75k5 - 76k4, with the condition for a buy against the trend being the formation of a reversal wave structure on a smaller time frame.
✅ The key level for the reversal phase is 78k6; if the price breaks this level, we can expect a push to higher levels. If it doesn't, any buy orders will just be price reaction plays.
💥 If the price breaks below 75k, we can confirm an 80% chance of a drop from here, folks!
$BTC