Bitcoin / TetherUS

BTCUSDT 4h

340
Looks like BTC broke the Inverse Head & Shoulder pattern on 4h chart. I can see a support at $40500 for retest the neckline. The resistance zone is around $41800 ~ $42500
If we see a successful retest at $40500 then we can be bullish till $44500. So far volume, RSI and MACD are good and BTC trying to fix above Ichimoku and 0.382 Fib level.
Do not forget that the main support is located around $38750 ~ $39100(CME gap)
Huge volatility is expected this week. Trade carefully with tight stoploss. If BTC close above $38500 we will have a green monthly candle which is good sign.

We had 2 good news in last 24 hours:
1- Ebay Considering Crypto Payments To Attract GenZ Crowd
2- The Bank of Russia's approach to developing a digital ruble ... For cross-border payments, the digital ruble platform can be integrated with CBDC platforms.

Feragatname

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