A new week has begun, and this month is just the last week. After this month is over, take a moment to assess your overall gains. The market has been declining, but after the weekend consolidation, there is a clear rebound. If you don't even understand the market trends, it might be better to take a break over the weekend. Without further ado, let's discuss the overall market outlook for this week!
Last week, Bitcoin fell from the 96,000 level to a low of 80,600, rebounding from the low of 80,600 on Friday and reaching a maximum of 88,100 today. I drew the lines for you on Friday and mentioned where the rebound strength is, at 862 and 882. Currently, we can see 882 as a short-term resistance level. As I said, this is just a rebound, not a reversal. Let’s see if we can challenge new lows again this week. Intraday, you can consider continuing to short in the 875-880 range, targeting 86, 85, 84, and 83. The extreme defense is just 895. For rebounds, you can also go for high shorts. I am not considering long positions for now!
There's nothing much to analyze regarding Ethereum. Just short Bitcoin at high levels. Pay attention to resistance at 2880 and 2930, while support is at 2760 and 2700!
Let's live stream at the usual time in the evening. Thank you all for your attention and support! $BTC
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Good afternoon, everyone!
A new week has begun, and this month is just the last week. After this month is over, take a moment to assess your overall gains. The market has been declining, but after the weekend consolidation, there is a clear rebound. If you don't even understand the market trends, it might be better to take a break over the weekend. Without further ado, let's discuss the overall market outlook for this week!
Last week, Bitcoin fell from the 96,000 level to a low of 80,600, rebounding from the low of 80,600 on Friday and reaching a maximum of 88,100 today. I drew the lines for you on Friday and mentioned where the rebound strength is, at 862 and 882. Currently, we can see 882 as a short-term resistance level. As I said, this is just a rebound, not a reversal. Let’s see if we can challenge new lows again this week. Intraday, you can consider continuing to short in the 875-880 range, targeting 86, 85, 84, and 83. The extreme defense is just 895. For rebounds, you can also go for high shorts. I am not considering long positions for now!
There's nothing much to analyze regarding Ethereum. Just short Bitcoin at high levels. Pay attention to resistance at 2880 and 2930, while support is at 2760 and 2700!
Let's live stream at the usual time in the evening. Thank you all for your attention and support! $BTC