Now BTC has reached the rejection zone one more time ! It's the 2nd attempt to break the daily EMA20 and the 5th attempt to break the resistance zone. ( Bearish trend zone ) Market is suggesting the confirmation for a breakout with recent candles; But the volume is rejecting it. Volume didn't moved according to the scale of mounted units.
So there should be a holding level here ! I'll set my target above the daily EMA20 to 42K level, ( Need to hold above $38,200 ). As we are in current resistance zone; You can think about SHORTs but it's not safe at all ! You have to set your SL above the master candle's shadow...
On other side, If current daily candle closed at ~$37300, I will think about the possible Order block to set the 16th June possible pivot line.
So you need to watch the levels till next day's open; Then you can have use the daily candle to recognize the most possible movement !
At the end I can suggest the 41K retest before the minor dive to ~27K level. Above suggested levels, I will search for 49K or more if market confirms the structure for any leg up. So you won't the market, Don't FOMO into it ! You will gain 10% more or less.. Don't risk your portfolio on edges.
📍 Also for scalpers, I can suggest an entry around ~27.1K with SL below ~26.2K ( If market gives the chance for it ) 💹 For now, Only watching the daily level to close at ~37.3K and the hourly charts for a rejection or breakout above mentioned levels...
On USDT.D's chart :
We just have the rejection here, I'm scared that I made this analysis so late.. But it's kinda formed a H&S here ! So have to be very careful with that...
Have a great night and trades 🥂✨ I will share another chart for BTC at 16th June !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
So Just missed the breakout here.. Now yet, Nothing changed still searching for a SHORT at ~42K. Have to play it safe for now ! Everything mentioned on chart.