In my last update we recognized BTC's weakness and weren't really looking at any level other than the daily at 35k
Today we hit the daily (35k) and bounced 15%
We hit our first major resistance (39.3k) which was our last high before the drop
So a TP in my opinion if you got into a long
Next major level of resistance is the 42k area, very important one in my opinion, if we reclaim it would be a good sign of strength for BTC.
For levels to the downside, I still have the same view as I had in my last update : if we lose 34-35k I expect a break of 30k
Any questions?
Good luck traders
Remember not to break your rules
Habib
Today we hit the daily (35k) and bounced 15%
We hit our first major resistance (39.3k) which was our last high before the drop
So a TP in my opinion if you got into a long
Next major level of resistance is the 42k area, very important one in my opinion, if we reclaim it would be a good sign of strength for BTC.
For levels to the downside, I still have the same view as I had in my last update : if we lose 34-35k I expect a break of 30k
Any questions?
Good luck traders
Remember not to break your rules
Habib
