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BTC - Bearish and Bullish Zones

BINANCE:BTCUSDT   Bitcoin / TetherUS


Technical Analysis: In the previous chart, we had more or less fixed something with their curriculum notes. These are the support-resistance levels that need to be followed now, in my opinion. In order for BTCUSD's bearish bearish diagram to break upwards, the downtrend must be broken up and backtested first. Afterwards, movements and fib zones on the bullish diagram can be followed for a bullish move. You can zoom the chart.

Market Analysis: With the normalization of the pandemic along with the guidance (pump) to the commodity, the withdrawal of hot money from cold wallets (crypto, etc.) and its entry into the market, the US inflation and expectation, various speculations, etc. reasons brought along the expectation of profit in the crypto market. We are in one of the most important fixes with enterprise-backed sales pressure and FUD. In the event of a Fed rate hike, I think the downward flow will continue with various taxation and prohibitions (prohibition of Chinese mining). We have been on a sideways course for a while, with the idea that there should be corrections for stronger bullish movements and weighted averages should be followed as well.

I shared this to use INT chat. thx for your supports. BINANCE:BTCUSDT

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