BTC Market Overview (2021.3.3, bullish reversal)
Hi, this is Walnut Trading.
Here's our view on BTC market.
As could be seen on the chart above that the pair is trading above a strong support level that is 43425.
In addition, the close of March 2nd was a bullish engulfing candle, which supports our bullish scenario.
Therefore, we are bullish as long as the pair is trading above the level mentioned above.
Our targets: 52k followed by 54555.
On the other hand, if the level of 43425 is broken, it might continue going downwards to reach 40k and even 38k.
Here's our view on BTC market.
As could be seen on the chart above that the pair is trading above a strong support level that is 43425.
In addition, the close of March 2nd was a bullish engulfing candle, which supports our bullish scenario.
Therefore, we are bullish as long as the pair is trading above the level mentioned above.
Our targets: 52k followed by 54555.
On the other hand, if the level of 43425 is broken, it might continue going downwards to reach 40k and even 38k.
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