btcretest
5,608 views
9 Discussing
Hot
Latest
BTC price has fallen back to its 50-day (SMA).
The price of the cryptocurrency has dropped back to its simple moving average (SMA) of 50 days. Thus, the bulls have a chance to create a trend in which the 50-day SMA propels new legs higher in the most recent retest of the average.
On the other hand, a decline below $100,000 might result from increased selling pressure triggered by the 50-day SMA support's decline.
Given the recent shallow bounces from the 50-day SMA, which are indicative of bull weariness, the bear argument looks solid at the time of writing. On June 5, the average's initial test resulted in a bounce from about $100,500 to about $10,000.
However, prices barely recovered from $103,000 to $109,000 in the second test of the SMA on June 17.
#btcretest
#BTC
#BitcoinWarnings
On the other hand, a decline below $100,000 might result from increased selling pressure triggered by the 50-day SMA support's decline.
Given the recent shallow bounces from the 50-day SMA, which are indicative of bull weariness, the bear argument looks solid at the time of writing. On June 5, the average's initial test resulted in a bounce from about $100,500 to about $10,000.
However, prices barely recovered from $103,000 to $109,000 in the second test of the SMA on June 17.
#btcretest
#BTC
#BitcoinWarnings
BTC Review & Strategy : Key Levels and Market Plan
#BTC☀ #BTC500K #BTCRetest #BinanceSquareFamily
#Write2Earn!
Key Levels :
Support : 100K–101K (strong bullish bounce zone).
Resistance : 103K–105K (supply zone, potential for rejections).
Current Market :
BTC retests the supply zone, showing compression between support and resistance.
Support provides decent bounces, while resistance reacts with slow grind-like movements.
Action Plan :
Short : Look for reversal setups in the 103K–105K zone.
Buy : Target 100K–101K support with confirmation of bullish rejection.
Watch Compression : A breakout beyond 105K could signal higher prices.
Pro Tip : Focus on zone reactions, not predictions—react to price behavior.
Conclusion : BTC is at a critical range; adapt to support and resistance reactions for optimal trades.
#BTC☀ #BTC500K #BTCRetest #BinanceSquareFamily
#Write2Earn!
Key Levels :
Support : 100K–101K (strong bullish bounce zone).
Resistance : 103K–105K (supply zone, potential for rejections).
Current Market :
BTC retests the supply zone, showing compression between support and resistance.
Support provides decent bounces, while resistance reacts with slow grind-like movements.
Action Plan :
Short : Look for reversal setups in the 103K–105K zone.
Buy : Target 100K–101K support with confirmation of bullish rejection.
Watch Compression : A breakout beyond 105K could signal higher prices.
Pro Tip : Focus on zone reactions, not predictions—react to price behavior.
Conclusion : BTC is at a critical range; adapt to support and resistance reactions for optimal trades.
$BTC
If Break The Trendline With Volumn $BTC Will Go To 94k Or 93k. Be Cautious.
#BTC☀ #CPI_BTC_Watch #BTCRetest
If Break The Trendline With Volumn $BTC Will Go To 94k Or 93k. Be Cautious.
#BTC☀ #CPI_BTC_Watch #BTCRetest
$BTC so far so good, no need to panic till the 68k+ price level is respected, that the area for retest.
#DoNotPanic #btcretest
#DoNotPanic #btcretest
Login to explore more contents