BTC/USDT Update
TF:1H

The hourly chart gives a clear idea of how clueless the market is right now in terms of its decisive direction. In fact, it’s lacking the direction and chops from bound to bound in a more or less chaotic way.

Such a market behavior typically brings more sense to using mean-reverting systems, such as the one given by the BPRO Divergence System. The recent swings have been well anticipated by the Divergence marks, as the market continues to chop between the high and low thresholds.

For this reason, until the breakout actually comes, the short-term trends are likely to continue from a level to level.

In addition, BPRO Level Lines show resistance at 29563, whereas the main support lies at 28276.

These levels could be anticipated to serve as level-to-level references. In other words, when one level is breached, the next one in the direction of the movement
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@Cryptomathh

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@Cryptomathh

🚨MARKET MOVEMENT🚨

Since April 1st, when BTC peaked at $48,000 down to $25,500 which was reed last month, we can clearly see that most of the selling pressures has come from US trading hours, which is extremely suspicious, considering that Asia had been historically responsible for high volume selloffs

What does this mean for BTC in the next months?

This is probably an indicator that US traders have been reducing their positions considerably and forcefully pushing the market down in order to create larger selling waves and panic in the market. This, likely before reaching a new accumulation point (potentially sub $30,000) where they start buying again and pushing price above our previous $48,000 highs.

@Cryptomathh

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#BNX/USDT

💹Leverage:(5 - 10)X
📉SHORT
🟢ENTRY PRICE: 139 - 140
🛑Risk :MEDIUM
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💵Target 1=134
💵Target 2=129
💵Target 3=124
💵Target 4=116
💵Target 5=106
💵Target 6=97 +


❌Stop loss:159
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