#BTCUSDT 1H Chart After taking out the equal lows testing the | Universal Crypto Signals Pro

#BTCUSDT 1H Chart

After taking out the equal lows testing the 40mins demand where it bounced perfectly leaving another 40mins demand at 47.7k, price ranged in an uptrend taking out the equal highs at 49.69k as predicted leaving a couple of demand zones on the way up the closest one being the 1h demand at 49k with an imbalance at around 49.75k. MACD is currently showing bullish weakness, RSI is nearly overbought and EMAs are turning bullish. Price is filling the imbalance at around the 51k level at the moment and is close to the 30mins supply at 52k. Price should get rejected from the 30mins supply and bounce from the 1h demand but overall it should close above the 54k level in order to aim for a new all-time high. Else a break from the 40mins demand would result in #BTC dumping even more before seeing a reversal.

https://www.tradingview.com/x/ZwpUViQs/