$BTC 1D closed with bullish engulfing as expected, but no sign of follow up from current 1D. Needs to breakout $17,097 to put follow through close today. As of now looking to test $16,750 support, $16,905 continues to resist, Requires to maintain current support to retest
BTC is already in a strong downtrend and now is in a sideways zone. So, I analyze the next possible move using simple S/R. If there is anything else feel free to comment.
NOTE: DO YOUR OWN ANALYSIS BEFORE ANY INVESTMENT
Thank You
