BTC analysis for 11 May 2022.

2022年5月11日

BTC has started to form its strong support around my weekly support zone. For today I would like to see BTC continue respecting my weekly support zone and eventually break above the minor resistance zone formed around 31,7k. If we manage to close above the minor resistance zone I think BTC could continue pushing back upwards towards the next resistance zone around 34k. Looking at the daily bar we do see a good bullish indication as well, having made a nice retest on the previous day's low's and now pushing upwards to possibly fill the wick zone.