$BTC Market Update
BTC is still under pressure on the 4 hour chart. After reaching the 65622 area sellers took control and pushed the price lower. The market dropped to 59102 where buyers stepped in and started a short recovery. Right now #BTC is #trading near 61208 and trying to hold above short term support. The overall trend remains weak because price is still below the major moving averages. Support is around 59100 while resistance stands near 61650 and 63080. A move above resistance can bring fresh bullish momentum. A break below support may open the door for another downward move.
Disclaimer:
It is my personal observation. Do your own research.
#BinanceSquare
$BTC
$BNB
BTC is still under pressure on the 4 hour chart. After reaching the 65622 area sellers took control and pushed the price lower. The market dropped to 59102 where buyers stepped in and started a short recovery. Right now #BTC is #trading near 61208 and trying to hold above short term support. The overall trend remains weak because price is still below the major moving averages. Support is around 59100 while resistance stands near 61650 and 63080. A move above resistance can bring fresh bullish momentum. A break below support may open the door for another downward move.
Disclaimer:
It is my personal observation. Do your own research.
#BinanceSquare
$BTC
$BNB