Crypto Market Update
CRYPTO MARKET UPDATE
BTC ( Bitcoin ) Update
———————
Analysis -
BTC closed its daily candle red at $23,488.
BTC Support is at $23,400 and $22,700.
Resistance is at $23,900 and $24,400.
BTC is struggling to turn 23,900 into valid support. There is strong resistance between $23,900-$25,000 range.
According to the 4-hour timeframe, there is 50 MA support at $23,400 support level.
Breaking of $23,400 support would increase the probability of testing towards $22,700 and $22,200 support levels.
Daily RSI is at 70. Trade carefully and manage your risk.
0 Comments