BITCOIN → The fall continues... 82K → 76K → 73K

4 days ago

BTCUSD is in a sell zone. Trump's comments on the federal reserve, crypto summit failed to impact the crypto market other than a global shakeup and liquidation...



The market has failed to see a proper bullish driver, so far. Trump's comments on the Fed ended in a global shakeup (liquidation). Yesterday's summit went so far as to prevent the cryptovalt market from turning green.
Technically. Global growth is temporarily halted, the flagship is moving into a deep correction phase, with 73K still the primary target. The market needs liquidity, as it will not be possible to grow at the expense of buyers and only bullish leverage all the time.
Price is forming a 90K - 82K range in the short zone after exiting the global consolidation. False break of 91K resistance (global consolidation support) ended with a fall, which may continue to both 82K and 73.5K.

Resistance levels: 89400, 91K, 93K
Support levels: 82K, 78K, 73K

The key zone of interest and liquidity is 73-66K. The price is working on a false break of resistance, the imbalance of forces in favor of bears, thus the first stop may happen in the zone of 82K (lower boundary of the range). Further it is necessary to observe the reaction to the support. Consolidation, breakdown and consolidation below 82K will provoke a fall to lower targets.

Regards R. Linda!

4 days ago

Note

Despite the fact that the US politicians as the most influential country for the crypto market create a positive fundamental background the price continues to fall.
Technically, this correction is behind the following:
Profit taking by the crowd due to the inability of the market to show further growth. There is a logic in this too, which I wrote about above.
Correlation with markets (stock market is falling).
Liquidations in futures (during the shakeout this week).
Technical pullback - Retest of liquidity zones (counter-trend), support for liquidity accumulation for normal market activity.
Manipulation by big players

3 days ago

Trade active

Decrease in volatility before support.
Local level and pre-breakdown consolidation is formed.
Breakdown and consolidation of the price under 85135 may provoke a fall

2 days ago

Trade closed: target reached

The local target (82K) has been reached.
The price is updating lows, consolidation below 82K may strengthen further sales. But before that bitcoin may test liquidity areas (83.4K, 84.7K)

2 days ago

Note

78000 reached!