BTC reached the buying zone highlighted on the last TA, I think we go up from here or from a 1H bullish divergence.
Target 55kish, will depend of low time frame price action. But what I'm sure of is that the market will cool down for a bit.
Reason for a bounce here : big negative fundings across all exchanges, bullish 4H divergence (check on 4H TF to see it) and good support zone.
We also dumped -25% in a straight line from ATH and until further notice we are still in a bull market and this moves result in a bounce in 90% of the time.
If you are longing here keep in mind we could still drop 5% to make a nice 1H bullish divergence and make buyers give up. Be prepared in case it happens.
GL HF, you are welcome to comment :)
Target 55kish, will depend of low time frame price action. But what I'm sure of is that the market will cool down for a bit.
Reason for a bounce here : big negative fundings across all exchanges, bullish 4H divergence (check on 4H TF to see it) and good support zone.
We also dumped -25% in a straight line from ATH and until further notice we are still in a bull market and this moves result in a bounce in 90% of the time.
If you are longing here keep in mind we could still drop 5% to make a nice 1H bullish divergence and make buyers give up. Be prepared in case it happens.
GL HF, you are welcome to comment :)
