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⚡️ BTC OUTLOOK - 05/07 ⚡️
⚡️ BTC OUTLOOK - 05/07 ⚡️
80:20
Bearish: Bullish
Short Term Outlook
Going to be really interesting to see what happens when the US come online - frustratingly we haven't been able to hold 20k as looks like Europe sold. We are now approaching a key support and possible pullback zone both on price support and also on Fibonacci - if we bounce a little here too we will be bouncing off the 200EMA and 50ema on the 1hr too, although it looks like a H/S might be forming so can see a bounce and then down to approx 18.8k-18.9K - given the double top I feel this is the likely scenario.
80:20
Bearish: Bullish
Short Term Outlook
Going to be really interesting to see what happens when the US come online - frustratingly we haven't been able to hold 20k as looks like Europe sold. We are now approaching a key support and possible pullback zone both on price support and also on Fibonacci - if we bounce a little here too we will be bouncing off the 200EMA and 50ema on the 1hr too, although it looks like a H/S might be forming so can see a bounce and then down to approx 18.8k-18.9K - given the double top I feel this is the likely scenario.
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