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#BTC
We're forming a small 4-day bear flag on the 4h timeframe.
I am watching two main scenarios heading into the market open this week.
Scenario 1: Short-term price action reverses to the upside after bouncing off the bear flag support. This would take us up to test area of interest at $74.2k.
Scenario 2: We close a full 4h candle below the current trendline support. This would show increasing selling pressure and could trigger a retracement as we saw at the end of last week, potentially retesting lows around $72k
We're forming a small 4-day bear flag on the 4h timeframe.
I am watching two main scenarios heading into the market open this week.
Scenario 1: Short-term price action reverses to the upside after bouncing off the bear flag support. This would take us up to test area of interest at $74.2k.
Scenario 2: We close a full 4h candle below the current trendline support. This would show increasing selling pressure and could trigger a retracement as we saw at the end of last week, potentially retesting lows around $72k
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Forwarded from Crypto Tech Premium
🟢 #WLD/USDT
Exchange: Binance
Entry Targets:
BUY NOW
0.34
TP1: 0.36
TP2: 0.38
TP3: 0.40
TP4: 0.55
▫️Stoploss:
0.25
Posted By: Crypto Tech & Signals
Exchange: Binance
Entry Targets:
BUY NOW
0.34
TP1: 0.36
TP2: 0.38
TP3: 0.40
TP4: 0.55
▫️Stoploss:
0.25
Posted By: Crypto Tech & Signals
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#Bitcoin
BTC finally swept 60k.
Now it’s crucial to see how today’s and the upcoming daily candles close.
If we get a strong close below the 60k mark, attention will shift to the lows at 57k and 55k.
On the other hand, If we get at least three daily closes back above 60k, with a longer wick on the first candle, I’m convinced we will see some upside afterward, likely bringing price back toward the 68k area.
This is a very interesting phase of the market, and I’ll be watching the developments closely.
BTC finally swept 60k.
Now it’s crucial to see how today’s and the upcoming daily candles close.
If we get a strong close below the 60k mark, attention will shift to the lows at 57k and 55k.
On the other hand, If we get at least three daily closes back above 60k, with a longer wick on the first candle, I’m convinced we will see some upside afterward, likely bringing price back toward the 68k area.
This is a very interesting phase of the market, and I’ll be watching the developments closely.
❤5👍5
Forwarded from Crypto Tech Premium
🟢 #币安人生/USDT
Exchange: Binance
Entry Targets:
BUY NOW
0.59
TP1: 0.62
TP2: 0.65
TP3: 0.68
TP4: 0.86
▫️Stoploss:
0.48
Posted By: Crypto Tech & Signals
Exchange: Binance
Entry Targets:
BUY NOW
0.59
TP1: 0.62
TP2: 0.65
TP3: 0.68
TP4: 0.86
▫️Stoploss:
0.48
Posted By: Crypto Tech & Signals
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#BTC
This move looks fragile
While price bounced off the 60k level, open interest declined, indicating that this move is being driven more by short covering rather than aggressive perp buying.
At the same time, spot CVD is up, supporting the move, but not enough for a sustainable recovery.
Overall, this rally isn’t backed by aggressive buying on either side of the market and is unlikely to last long.
This move looks fragile
While price bounced off the 60k level, open interest declined, indicating that this move is being driven more by short covering rather than aggressive perp buying.
At the same time, spot CVD is up, supporting the move, but not enough for a sustainable recovery.
Overall, this rally isn’t backed by aggressive buying on either side of the market and is unlikely to last long.
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