Hi dear traders
The previous analysis has not yet been invalidated.
Friends had a question to update.
BTC is still holding the 22K support area and is suffering.
We expected a pullback to the 23K area.
Technically, the gap should be filled and a reverse head and shoulder pattern should be formed in the daily time, and if it cannot break the previous ceiling, the price will go down and the pattern will be confirmed by breaking the neck line.
And the price falls to the specified support area between 20K and 19.5K.
But we are also waiting for the fundamental news, Powell's speech (US Federal Reserve) will be held in a few hours and the result will have an impact on the market.
If nothing special happens, the said scenario is expected.
In the previous analysis, we opened a long position at 22.1 with a stop loss of 21.78 and a target of 23k, which is still valid.
IF support area near 22k breakdown then this scenario invalid.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
The previous analysis has not yet been invalidated.
Friends had a question to update.
BTC is still holding the 22K support area and is suffering.
We expected a pullback to the 23K area.
Technically, the gap should be filled and a reverse head and shoulder pattern should be formed in the daily time, and if it cannot break the previous ceiling, the price will go down and the pattern will be confirmed by breaking the neck line.
And the price falls to the specified support area between 20K and 19.5K.
But we are also waiting for the fundamental news, Powell's speech (US Federal Reserve) will be held in a few hours and the result will have an impact on the market.
If nothing special happens, the said scenario is expected.
In the previous analysis, we opened a long position at 22.1 with a stop loss of 21.78 and a target of 23k, which is still valid.
IF support area near 22k breakdown then this scenario invalid.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
评论:
We can see bearish divergence between price and RSI in 4H time frame of USDT DOMINANCE.
Let's see what happens