#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: MEDIUM
EXPECTED SCENARIO:
$BTC is in correction today. Expecting S1(30200$) to hold today. We can be bullish only if we close 1H candle above INTRDAY FLIP LINE(30800$)
BULL CASE:
We can be bullish only if we close 1H candle above INTRDAY FLIP LINE(30800$)
BEAR CASE:
Support S1(30200$) should hold today. if broken S2(29700$) will be tested.
NOTE:
On Higher timeframe, Upside next strong resistance is 31000$. We can be bullish above that till 34K$ zone.
On Lower side 25000$ zone is already tested and should hold on weekly. If broken next will be 23500$BTC
VOLATILITY EXPECTED: MEDIUM
EXPECTED SCENARIO:
$BTC is in correction today. Expecting S1(30200$) to hold today. We can be bullish only if we close 1H candle above INTRDAY FLIP LINE(30800$)
BULL CASE:
We can be bullish only if we close 1H candle above INTRDAY FLIP LINE(30800$)
BEAR CASE:
Support S1(30200$) should hold today. if broken S2(29700$) will be tested.
NOTE:
On Higher timeframe, Upside next strong resistance is 31000$. We can be bullish above that till 34K$ zone.
On Lower side 25000$ zone is already tested and should hold on weekly. If broken next will be 23500$BTC