Daily Bitcoin chart review
Yesterday was full of surprises. DXY index dumped through 96 SR like a hot knife through butter. Facebook dumped like never before in history draining all the stocks market after it. Everything was in blood. And only Bitcoin was doing ok and hodled ~36.3k support from which it eventually bounced during the night. Now back to trendline formed since November. It play role of dynamic resistance which already rejected price 3 times - imagine bullish impulse on breakout After breakout BTC most probably will re-test same trendline again - that will be a good long entry.
Midterm: if Feb close within 35-42k range then within next 2 months have a chance to get to 48-53k. Otherwise down to 20k.
37880 - 39600 - 40500
36244 - 35000 - 34000
AO/AC: /
MAVW 4H: 37162
VWAP (M): 37723
F&G: 20 <= 20 <= 28 <= 26
Alts: 8% < 7% < 4% < 3%
#BTC #Bitcoin
