๐ BTC Update: Major Support Zone Reached! ๐
In the previous post, I shared a liquidity sweep at $108k and a bearish signal on the inverted hammer candle. The market behaved exactly as expected, and now we are moving towards our targets.
Current Market Situation:
Support Level: BTC is now very close to a strong support area around $58,000 - $59,000.
RSI Check: The RSI on the daily/monthly chart is approaching the oversold zone, which could indicate a potential bounce.
Next Move: If the market holds here, we could see a short-term relief rally. However, if this level breaks, my next major target will be the $47k area.
๐ก Trading Tip:
Do not rush into trades. Wait for confirmation (bullish engulfing or pin bar candle) at this support.
What do you think? Will BTC bounce from here or touch $47k? Share your thoughts in the comments! ๐
#BTC #CryptoAnalysis #bitcoin #TradingSignal #BinanceSquare
$BTC
In the previous post, I shared a liquidity sweep at $108k and a bearish signal on the inverted hammer candle. The market behaved exactly as expected, and now we are moving towards our targets.
Current Market Situation:
Support Level: BTC is now very close to a strong support area around $58,000 - $59,000.
RSI Check: The RSI on the daily/monthly chart is approaching the oversold zone, which could indicate a potential bounce.
Next Move: If the market holds here, we could see a short-term relief rally. However, if this level breaks, my next major target will be the $47k area.
๐ก Trading Tip:
Do not rush into trades. Wait for confirmation (bullish engulfing or pin bar candle) at this support.
What do you think? Will BTC bounce from here or touch $47k? Share your thoughts in the comments! ๐
#BTC #CryptoAnalysis #bitcoin #TradingSignal #BinanceSquare
$BTC