Hello Dear Traders,
Last week closed bullish bt with selling pressure. in this current week btc found demand from 33k and now testing supply zone.
38400 zone is bears territory, i noticed tht when btc crossed 38k on lower time heavy market shorts were executed immediately.
38400$ is also a high price of last week candle, if btc crosses 38400$ then bears will get knocked out.
as we know well on weekly and monthly timeframe BTC is bearish. thts why on lower timeframe it looks like bears are getting stronger here, if daily candle closes below 38400$ then we might see again 33k area.
Please Post ur Views and charts in comment box
Last week closed bullish bt with selling pressure. in this current week btc found demand from 33k and now testing supply zone.
38400 zone is bears territory, i noticed tht when btc crossed 38k on lower time heavy market shorts were executed immediately.
38400$ is also a high price of last week candle, if btc crosses 38400$ then bears will get knocked out.
as we know well on weekly and monthly timeframe BTC is bearish. thts why on lower timeframe it looks like bears are getting stronger here, if daily candle closes below 38400$ then we might see again 33k area.
Please Post ur Views and charts in comment box
