#BTC/USD Update
#BTC/USD
#Bitcoin still evolving in the same range for a few days and the direction is not confirmed yet. Also doesn't give any hints. Moves above EMA21 at 4H but below Yearly close at 46211. So in the first scenario, we can expect an upper wick. In another scenario, it's pretty easy to drop below 45.5k as it happened a few hours ago which will instantly trigger a scenario of a down move to 44.6k and possibly 43.1k. The upside direction will be clear once we closed above the resistance triangle area. But we tend to think that the first move will be down in any case.
⚠️ This analysis may be declined if we go up directly to 47k again next hours.
📈 Resistances : 46200 - 47000 - 48000
📉 Supports : 45500 - 44550 - 43160
#Bitcoin still evolving in the same range for a few days and the direction is not confirmed yet. Also doesn't give any hints. Moves above EMA21 at 4H but below Yearly close at 46211. So in the first scenario, we can expect an upper wick. In another scenario, it's pretty easy to drop below 45.5k as it happened a few hours ago which will instantly trigger a scenario of a down move to 44.6k and possibly 43.1k. The upside direction will be clear once we closed above the resistance triangle area. But we tend to think that the first move will be down in any case.
⚠️ This analysis may be declined if we go up directly to 47k again next hours.
📈 Resistances : 46200 - 47000 - 48000
📉 Supports : 45500 - 44550 - 43160
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