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📊 Daily Bitcoin Analysis 📊
- BTC hit our 86k target perfectly which coincided with the CME gap (now filled), and our liquidation levels, in addition to the daily 200 EMA and horizontal resistance.
- We now have a concentration of liquidity near 84k and the StochRSI overbought on the daily which would mean a slight pullback before higher. The RSI is starting to curl down as well which would fuel a further move down.
- Although things are shaping up nicely with seasonality with April being green (similar to the PA of 2020), and even 2018 (when Trump originally implemented his tariffs).
- The real bullish shift would be closing above 88k (getting through all of that resistance).
- The weekend will be volatile so stay flexible and manage your risk accordingly. I'm still monitoring for the next trade.
Major resistance is 86k, 89-90k, 95k, 100k, 106k, and the 108k trendline.
Major support now 83k, 81k, 77-78k, 72-74k and 69k. 0 reply
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