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#Bitcoin tested the #trendline and bounced back from it. This is a positive sign, and the #market moved as we expected. The #resistance area remains unchanged.
There has been some selling due to the #Michael Saylor (Strategy) news. The #price is able to maintain the #trendline and is #trading above it. However, there is still a high chance that the price may test the #resistance area (yellow zone).
#CHR has dropped below the #support area to hunt for stop losses. Still, the long position setup is valid. We expect a bounce from the support area towards the #resistance area.
Support Area: $0.01980-$0.02080
Resistance Area: $0.02800-$0.03000
#Bitcoin was unable to maintain the $75,000 level and experienced a significant drop from there. #Support is expected to be tested in the $71,000-$72,000 range, while #resistance is now around the $75,000 mark.
#Bitcoin is #trading sideways, and the #market volume is returning. All eyes are on how the #US market opens, as this will influence the movement of #cryptocurrencies.
#CELR analysis:
#Price is currently #trading between the #support and #resistance areas. Long positions can be considered near the support area, with expectations for a move toward the resistance area in the coming days.
Support Area. $0.002260-$0.002400
#Bitcoin has undergone a retracement, and its structure is broken. The #resistance is now at $80,000, and the #price needs to break this level to gain #upward movement.
#Bitcoin has broken the #trendline support and is giving mixed signals. The #price needs to break the #resistance area for further #upward movement. The local #support level is $80,000.
#Bitcoin has tested the #resistance area again and was rejected. The #price is now attempting to hold the #uptrend line; let's see how it reacts. A break above the resistance area would be #bullish.
#Bitcoin is finding #support at the #trendline, with #resistance in the $82,200 to $82,700 range. If it breaks above this resistance, the #price could rise towards the $85,000 level. The #market looks favourable and is anticipating #upward movement.
#ETH analysis:
#Price has broken through the #resistance area and is now #trading above it. A triangle pattern is forming on lower time frames. The #resistance is in the $2450-$2500 range, and a break above this will lead to a move towards the $3000 level.
