The $40,500 - $45,000 zone has been a support and resistance area since December 2020.
If you're a bull - you want this support zone to hold and imply a move back up to $50K +
If you're a bear - you want to see a break of this zone implying a move back down to ~$35K area (blue EMA cloud)
My bias is to the upside : )
If you're a bull - you want this support zone to hold and imply a move back up to $50K +
If you're a bear - you want to see a break of this zone implying a move back down to ~$35K area (blue EMA cloud)
My bias is to the upside : )