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6 184
BTC/USDT weekly candle gave a shallow close over the resistance area.
Looking at the H4 timeframe, price is rejecting multiple times from the resistance area, building liquidity below the zone.
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BTC/USDT rejected its previous weekly candle, with a 50-50 body-to-wick closure.
This week, price is again showing weakness in its attempt to break that resistance.
A weekly candle closing with large wicks on both sides and a small body will once again indicate a week of indecision. Therefore, we need to wait until next week for a breakout.
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TOTAL has gone sideways, and the rejection played out pretty well, with the overall altcoin market moving positively.
The index is moving sideways, but some altcoins have still performed well, at least until BTC reaches $85,000.
We need to see a clean break and close above the resistance area; then, altcoins will likely experience a very strong mid-term rally.
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Bitcoin is consolidating around the $84.5K - $85K area, while significant liquidity is visible on both sides of the current price.
~ $87.5Kβ$88K, strong liquidity zone above
~ $83Kβ$83.8K, key liquidity zone below
These areas could be important for BTCβs next move.
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Repost from N/a
DOGE/USDT
Targets Achieved :- All Targets Achieved β
Profit :- 290% +
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Repost from N/a
PORTAL/USDT
Targets Achieved :- All Targets Achieved β
Profit :- 665% +
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Repost from N/a
FLM/USDT
Targets Achieved :- All Targets Achieved β
Profit :- 200% +
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Repost from N/a
SAND/USDT
Targets Achieved :- All Targets Achieved β
Profit :- 690% +
