S&P 500 looks like it's forming a local top around current levels.
A healthy correction is in place.
$7,450 β $7,550 is the crucial test zone if we get there.
Bitcoin formed such a nice local low around that purple smoothed fib extension line.
So far we are also bouncing off the right support levels.
75-76K is next imo π―
If you went LONG when I said, this would be my first TP and then 80K ish at the top of the Band as second TP.
Bitcoin did drop from this tweet but I cant ignore the Daily timeframe is actually bullish now imo.
The purple smoothed fib extension line is curving up and price is respecting it, forming a nice potential local bottom for the time being.
Bitcoin did drop from this tweet but I cant ignore the Daily timeframe is actually bullish now imo.
The purple smoothed fib extension line is curving up and price is respecting it, forming a nice potential local bottom for the time being.
BTCUSDT
Short-Term looks a bit weak atm. Key level to hold $117,000-$117,331. Losing that confirms the SL LONG Signal meaning weβll likely revisit $113,500 or lower levels before going up again.