BTC/USDT Update: Bitcoin Prints a Higher Low on the Daily Chart!
In my previous analysis, I anticipated this week to be green with a potential entry around $56,000. However, it seems we might not get that opportunity as BTC/USDT is now showing a Change of Character after printing a higher low and forming a reversal pattern on the daily timeframe.
The $60,000-$62,000 range remains a crucial resistance level. Despite this, I believe we have a strong chance to break through it this week. We’ll have to wait and see whether we get a breakout or face rejection in this area.
I’m currently looking for an entry opportunity if BTC breaks the 40-EMA on the Daily Timeframe.
PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/KAo2jffZ-BTC-USDT-Market-Outlook-for-This-Week-What-to-Expect/
The $60,000-$62,000 range remains a crucial resistance level. Despite this, I believe we have a strong chance to break through it this week. We’ll have to wait and see whether we get a breakout or face rejection in this area.
I’m currently looking for an entry opportunity if BTC breaks the 40-EMA on the Daily Timeframe.
PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/KAo2jffZ-BTC-USDT-Market-Outlook-for-This-Week-What-to-Expect/
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