Crypto_Jobs
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$BTC - Daily price outlook:
Key support touched at 78,000$ ✅
I was right about the dump yesterday, but we got trapped trying to long the 85,000$ support zone.
The current price remain pretty bearish with strong sell pressure.
It's currently lock between the precedent key support (84,800 - 85,000$) acting as resistance⚠️
💡The bearish pressure remain pretty strong, probably because of the unstable & uncertitude regarding geopolitical and tarrifs nws..
The last daily candle closed turned bearish because of the closing below T/K again on the D1 basis!s ⚠️
As long as prices remain stuck below the 88,000$ upper key resistance, I don't recommend you to try any long positions (medium term - Swing).
You should keep in mind that the weekly candle close above 81,000$ is very important. In case of breakout below, the correction could be deeper, toward 73,000 or 70,000$
A monthly candle close below 78,000$ would also be pretty bad for the medium term cycle, but for now prices is holding above.
🎯What's next & what's my opinion ??
Prices remain bullish on the monthly basis, but As I shared earlier, the correction is in now!
I think that the 70,000$ zone will be tested this month.
It looks like the 78,000$ support won't hold, and prices could/should fall toward the following supports:
73,800 - [70,000-71,000] or even 65,000$!
For now as there is no dirrection (short term), we should monitor the 81,500 - 84,000 - 88,000 & 78,000$ levels to takes long / short entries there, because prices remain neutral between those levels.
A retest of the 87,500 - 86,000$ level can be expected before to see a breakout a new low📈⚠️
#BTC☀️ #Bitcoin❗ #trading
Key support touched at 78,000$ ✅
I was right about the dump yesterday, but we got trapped trying to long the 85,000$ support zone.
The current price remain pretty bearish with strong sell pressure.
It's currently lock between the precedent key support (84,800 - 85,000$) acting as resistance⚠️
💡The bearish pressure remain pretty strong, probably because of the unstable & uncertitude regarding geopolitical and tarrifs nws..
The last daily candle closed turned bearish because of the closing below T/K again on the D1 basis!s ⚠️
As long as prices remain stuck below the 88,000$ upper key resistance, I don't recommend you to try any long positions (medium term - Swing).
You should keep in mind that the weekly candle close above 81,000$ is very important. In case of breakout below, the correction could be deeper, toward 73,000 or 70,000$
A monthly candle close below 78,000$ would also be pretty bad for the medium term cycle, but for now prices is holding above.
🎯What's next & what's my opinion ??
Prices remain bullish on the monthly basis, but As I shared earlier, the correction is in now!
I think that the 70,000$ zone will be tested this month.
It looks like the 78,000$ support won't hold, and prices could/should fall toward the following supports:
73,800 - [70,000-71,000] or even 65,000$!
For now as there is no dirrection (short term), we should monitor the 81,500 - 84,000 - 88,000 & 78,000$ levels to takes long / short entries there, because prices remain neutral between those levels.
A retest of the 87,500 - 86,000$ level can be expected before to see a breakout a new low📈⚠️
#BTC☀️ #Bitcoin❗ #trading
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