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BTCUSDTBTCUSDT. Bitcoin is in a very tricky place right now. It will be taking some rejection due to the 200MA but if the candle closes above the 200KA there will be a reversal. The great news is that BTC Dominance is increasing sharply. This means that the rally for the new all time high will begin shortly
BTCUSDT:BINANCEBTCUSDT:BINANCE 4 HRS
As we see BTC is following the downtrend since last two days, although trying to keep up but somehow fails to achieve it.
as it seems breaking the support level at 9700 will give us a indication of falling into a bearish market, followed with a downtrend confirming with macd & rsi.
similarly breaking the 11000 resistance level will give us a clear idea of a bullish market. some how this wont give us a clear idea about the coming month as futures expiring near.
Thanks
BTCUSDBTCUSD is trading in a range between 49147 and 47267 .
There are three key levels of support to watch for. The first one is 42139 , which is a short-term support that could offer a bounce. The second one is 35767 , which is a mid-term support that could act as a floor. The third one is 33492 , which is a long-term support that could be a strong buy zone.
For intraday traders , selling at the current price of 47327 and targeting the support levels could be a good strategy.
For buyers, waiting for the price to reach the support levels could be a better option. Be careful of the upcoming US news, as they could affect BTCUSD significantly.