#BTCanalysis
By JayTrader DAILY REPORT
BITCOIN&MARKET UPDATEMTF 4H:
On the
4H, we have the first BPRO up print since May 12, which is offering some hope. In fact, if this baseline flip holds, the next targets are 47k and 52.1k according to BPRO. On the downside, next supports are the volatility bands at 35.8k and 33.8k. On any
4H close, it will be very important to hold above 38.9k.
Summary:
HTF hovering below 42k resistance. Reclaim of 42k opens the door to 46-48k, while remaining below keeps 35-37k on the table;
MTF needs to hold 38.9k for 47k, 52k targets. Downside targets are 35.8, 33.8k.
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