#BTC UPDATE: As #BTC is playing on both sides quickly and alts market is also moving up/down quickly to trap traders, Weekend move is likely to move higher again towards 40k/42k region and alts can rise temporarily.
Bitcoin needs to reclaim this area and give candle closing above it for further upside movement. If it is not able to Hodl then the next support level BTC needs to hold is $38,200
Also, Inflation data is going to release today we will see volatility in the market.
π#Bitcoin Update
As we already warned you yesterday $42,500 to $42,800 is the area where we will see selling pressure and the same thing happened. Bitcoin also breaks the major Support area of $40,000 to $39,400.
The triangle is printed with resistance 45k (testing 4th) & Mega support at Production Cost level.
In my view, there is not much room for drop. The 5th touch will be a breakout at early April !!
#BTC quick update
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Imo It is not much room for the drop at this point.
I think we are still in triangle range for the rest of March.
Decided to closed Alts shorts.
It might retest the support and breakdown of the symmetrical triangle is a bearish sign for the market,a move above the horizontal resistance is a bullish sign for the market.
#ETH/USDT ANALYSIS
It is moving in a symmetrical triangle and currently trading below the resistance and point of control level, which is coming at $2670.
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It might retest the support of ascending triangle again and a sustain breakout above $42.5K is the confirmation of bullish move towards the next marked resistance level.
#BTC/USDT ANALYSIS
It rejected from the first marked resistance level, where point of control is also there. MACD crossover is loosing bullish momentum.
#BTC/USDT ANALYSIS
It breakdown the support which is currently acting as a resistance. MACD crossover is showing bearish momentum. EMA'S are acting as a resistance. RSI is in the oversold region.
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#BTC/USDT ANALYSIS
It broke down it's support which is currently acting as a resistance. MACD crossover is showing bearish momentum.EMA'S are acting as a resistance.RSI is in the oversold region. We've to observe some price action here, which will confirm the next move of it.