📉 Daily Bitcoin chart review 📈

Bitcoin makes higher lows and lower highs, forming another bull pennant. Recent price action with bounce from 8850 made it look bullish/ EMA 21 also moved to that value, making it even stronger support. With little less then 7 days to halving I wouldn't dare to short BTC (even though I don't think that "event" will make any instant impact).

Resistance: 9050 ✅ 9230 - 9600 - 9944
Support: 8850 - 8630 - 8400 - 7700 - 7. More updates: T.me/AllTimeHighTraders

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Amount of Liquidations in the past 24 hours by exchanges. In total $1.22 BILLION was liquidated!

#BTC #Bitcoin has dropped to $8,117 and now is trading below $8,700.

Honestly speaking This is good that BTC is correcting, as the HALVING is almost there ( 1 Day 21 hrs. )

Why this is good?


Because, BTC has to go for correction in order to see good rise in alts, and this is following the history
BTC goes for correction after halving and ALTS go for major ride

Prepare urself, for a Big ALT season


- TechnicalCRYPTO-Analyst

Bitcoin made another leg down at 1H timeframe. Now zone above 8660-8700 will resist it coming back. At that moment only RSI signal potential bottom. All the other indicators and factors vote for lower fall. Strongest zones below are 8k / 7700 and 7170.

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