#CryptoMarketWatch BTCUSDT is in a sell zone. Trump's comments on the federal reserve, crypto summit failed to impact the crypto market other than a global shakeup and liquidation...
The market has failed to see a proper bullish driver, so far. Trump's comments on the Fed ended in a global shakeup (liquidation).
Yesterday's summit went so far as to prevent the cryptovalt market from turning green.
Technically. Global growth is temporarily halted, the flagship is moving into a deep correction phase, with 73K still the primary target.
The market needs liquidity, as it will not be possible to grow at the expense of buyers and only bullish leverage all the time.
Price is forming a 90K - 82K range in the short zone after exiting the global consolidation. False break of 91K resistance (global consolidation support) ended with a fall, which may continue to both 82K and 73.5K.
$BTC
BTC
84,727.21
-1.82%
Resistance levels: 89400, 91K, 93K
Support levels: 82K, 78K, 73K
The key zone of interest and liquidity is 73-66K. The price is working on a false break of resistance, the imbalance of forces in favor of bears, thus the first stop may happen in the zone of 82K (lower boundary of the range).
Further it is necessary to observe the reaction to the support. Consolidation, breakdown and consolidation below 82K will provoke a fall to lower targets.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency.
Stay Tuned for Further Updates.
