📊 MARKET ANALYSIS FOR 19/05
/-li BITCOIN (BTC)
📈 The BTC daily chart is still showing a downtrend, but the price has reacted and formed wicks in my designated Buy Zone. For those who bought in this area, feel free to take profits; it's likely to retrace since the smaller time frame trend hasn't shown any reversal signals yet.
✅ The key level for a potential reversal is at 77.8k. If the price breaks this level, we’ll look to catch a bounce back to the lower boundary to buy in for a move up.
🔥 The Sell Zone for BTC can be observed around: 78.9k - 79.6k
🔥 The Buy Zone for BTC will be around 75.2k - 76k
$BTC
/-li BITCOIN (BTC)
📈 The BTC daily chart is still showing a downtrend, but the price has reacted and formed wicks in my designated Buy Zone. For those who bought in this area, feel free to take profits; it's likely to retrace since the smaller time frame trend hasn't shown any reversal signals yet.
✅ The key level for a potential reversal is at 77.8k. If the price breaks this level, we’ll look to catch a bounce back to the lower boundary to buy in for a move up.
🔥 The Sell Zone for BTC can be observed around: 78.9k - 79.6k
🔥 The Buy Zone for BTC will be around 75.2k - 76k
$BTC