Post
--Bullish
Ualifi Araújo
·
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Bullish$BTC
We are starting another week in the land of #BTC and this week seems to be quite busy...
The price is below $88.6K and despite seeing a good recovery today (+1.58%), we still haven't managed to reclaim the red zone on the chart, which is where we need to establish some support to move towards $90.5K; this last level is where we should face more resistance from the URSOS, as it is a strategic level for both sides (not the most important, but strategic).
We are in the last 4-hour candle for the daily close, and at this moment the EMA 50 (4H) is acting as resistance; it's not a problem yet, but the BULLS need to break through it tomorrow.
The day is going well for Bitcoin and Altcoins, but attention turns to tomorrow, as we have Trump's Speech and the Consumer Confidence (CB) data; these events should further stir the prices, and we could start our journey to $90K tomorrow, stay alert for these events.
As we see Trump calming down regarding Greenland and the rest of the world, retail has more confidence to return, and this is evident by the USDT dominance which dropped -1.80% quite rapidly today. Retail is coming back, but obviously, we need things to remain calm.
The thought remains the same:
We need support above the orange zone, only then can we assert that we have concluded the local bottom.
$98K is inevitable!
📢 Want to follow everything I post about Crypto? Join my Telegram Group and receive all my posts in one place.
👉Join:
https://t.me/ualifiaraujoTG
We are starting another week in the land of #BTC and this week seems to be quite busy...
The price is below $88.6K and despite seeing a good recovery today (+1.58%), we still haven't managed to reclaim the red zone on the chart, which is where we need to establish some support to move towards $90.5K; this last level is where we should face more resistance from the URSOS, as it is a strategic level for both sides (not the most important, but strategic).
We are in the last 4-hour candle for the daily close, and at this moment the EMA 50 (4H) is acting as resistance; it's not a problem yet, but the BULLS need to break through it tomorrow.
The day is going well for Bitcoin and Altcoins, but attention turns to tomorrow, as we have Trump's Speech and the Consumer Confidence (CB) data; these events should further stir the prices, and we could start our journey to $90K tomorrow, stay alert for these events.
As we see Trump calming down regarding Greenland and the rest of the world, retail has more confidence to return, and this is evident by the USDT dominance which dropped -1.80% quite rapidly today. Retail is coming back, but obviously, we need things to remain calm.
The thought remains the same:
We need support above the orange zone, only then can we assert that we have concluded the local bottom.
$98K is inevitable!
📢 Want to follow everything I post about Crypto? Join my Telegram Group and receive all my posts in one place.
👉Join:
https://t.me/ualifiaraujoTG