Just as expected, 102k fails to break above, now a retest of 101k - 100.8k in progress. let's see how it goes
Crypto MavAli
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$BTC UPDATE & ANALYSIS (NFA/DYOR)
❗️EXPECTED PRICE ACTION ❗️
a. 101.5k breaks, price falls to 100.8k or 99.2k (60% probable)
b. 102k breaks with high volume, rally to 102.8k - 103.4k (40% probable)
👇👇REASONS 👇👇
⭕️ Price in High volatility Range with 99000 Support & 103000 Resistance levels
⛔️ EMA 9, 21 #bearish while EMA100 active Support @ 99.2k (critical level to watch)
⛔️ MACD bearish with divergence (higher chances of price rejection from 103k)
⛔️ Order Book shows 52% Bids (thin) vs. 48% ask (strong) = Bears waiting to Sell from 103k to 104.5K
❗️EXPECTED PRICE ACTION ❗️
a. 101.5k breaks, price falls to 100.8k or 99.2k (60% probable)
b. 102k breaks with high volume, rally to 102.8k - 103.4k (40% probable)
👇👇REASONS 👇👇
⭕️ Price in High volatility Range with 99000 Support & 103000 Resistance levels
⛔️ EMA 9, 21 #bearish while EMA100 active Support @ 99.2k (critical level to watch)
⛔️ MACD bearish with divergence (higher chances of price rejection from 103k)
⛔️ Order Book shows 52% Bids (thin) vs. 48% ask (strong) = Bears waiting to Sell from 103k to 104.5K
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