Sellers absorption at 1800 support buyers can takeover the momentum for a while still overall sentiment is bearish.
Bullish engulfing in 4 hr and supported by volume Long now with target price of 1930 .
BTC currently testing demand area where it was rejected upside last time too. If we see bullish price action in this area it can be a potential long opportunity . I will recommend atleast 4 Hr candle conformation.
Gold facing previous strong supply zone . And daily candle closed as a hanging man which is reversal indicator . After multitime frame confirmation it can be potential short opportunity. TP 1 = 1956 TP 2 = 1945 TP 3= 1930 #DYOR 👉 Not a financial advice
1. Monthly resistance becomes support 2. Support confirmed in weekly time frame 3. Point of control for monthly chart ( currently) 4. Important fib level