BTC/USDT looks interesting!
Hey guys 👋
BTC overview
1hr - Now let's take a better look at that CPI day where we witnessed a massive liquidation hunting going on. We will be straight here we have been telling you guys that we are bullish on CPI day but we did miss one major fact which was liquidation hunting. Most of traders got trapped that day where prices jumped up and down in narrow of 10% zone. When price was pumping and almost breaking and sitting near 20K zone for 11hr sellers took over with a dump towards 19K
So no we are back at the support zone where we were before the CPI news.
Well in order to have a bullish scenario here we need to secure $19410 zone which would mean securing EMA100 and resistance zone which would turn it into support zone. But if price should reach $18970 and break that level then we might go back to $18000 zone where we should see a support from buyers.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BTC overview
1hr - Now let's take a better look at that CPI day where we witnessed a massive liquidation hunting going on. We will be straight here we have been telling you guys that we are bullish on CPI day but we did miss one major fact which was liquidation hunting. Most of traders got trapped that day where prices jumped up and down in narrow of 10% zone. When price was pumping and almost breaking and sitting near 20K zone for 11hr sellers took over with a dump towards 19K
So no we are back at the support zone where we were before the CPI news.
Well in order to have a bullish scenario here we need to secure $19410 zone which would mean securing EMA100 and resistance zone which would turn it into support zone. But if price should reach $18970 and break that level then we might go back to $18000 zone where we should see a support from buyers.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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