BITCOIN: A Possible Rejection!!!
BTC didn't hit the ATH but did rally as high as $73,620, aligning with our weekly analysis. The BRR pattern played out well.
On the weekly timeframe, BTC needs to break above the all-time high resistance to sustain its bullish momentum. A weekly close below this resistance could result in a possible rejection.
Looking at the daily timeframe, BTC is likely to face a rejection around the 68.8k to 69k range.
In my next update, I'll cover altcoins, so stay tuned and trade safely.
Setup for SHORT entry:
~ Entry: $72,800 to CMP.
~ Stoploss: $74,500.
~ Leverage: 10x.
~ Target: 68.8k.
Do your own research and analysis before investing.
On the weekly timeframe, BTC needs to break above the all-time high resistance to sustain its bullish momentum. A weekly close below this resistance could result in a possible rejection.
Looking at the daily timeframe, BTC is likely to face a rejection around the 68.8k to 69k range.
In my next update, I'll cover altcoins, so stay tuned and trade safely.
Setup for SHORT entry:
~ Entry: $72,800 to CMP.
~ Stoploss: $74,500.
~ Leverage: 10x.
~ Target: 68.8k.
Do your own research and analysis before investing.
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