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Technical analysis by vazitrades about Symbol BTC on 5/16/2024

https://sahmeto.com/message/3347956
vazitrades
vazitrades
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،Technical،vazitrades

#BTC had a nice run up and currently facing a resistance at 66676$1. For bullish trend continuation we should see BTC breaking up above the resistance at H4 , in this case the price will pump until next resistance zone at 70887$. 2. Otherwise, high chances to see BTC testing support zone at around 64482 - 63474, where we can look for long position.3. Bearish scenario would be if BTC closes below 63400$ on H4 TF, in this case BTC may test one of lower levels again: 60508, 59026, 57246

Translated from: English
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$66,133.41
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