Bitcoin Market Update: Bitcoin and BTC.D are both now tradin | CRYPTOWZRD - OFFICIAL

Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles today and it can move in either direction from their current location.

BTC.D is now having a Double top but above this key WZRD resistance is a danger zone, more bullish pressure from here indicates a massive upside move for BTC.D which should come from a panic or a parabolic bullish move in Bitcoin

Bitcoin is holding the $28,100 WZRD support. Below this level Bitcoin will decline hard but above it and the $32,000 zone will be the WZRD resistance

It seems forming a daily range ahead of the FOMC meeting in the upcoming week.


Intraday:

The intraday chart is moving choppy but the chart structure is not looking good.

We need a better chart formation to get a trade. I am okay to long or short from the current location

A stable push above $29,450 (POI) and then a rejection will offer a short towards $28,650 (POI) and lower - Red Dotted WZRD Projection

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

Holding above $29,450 (POI) from the H4 chart will offer a long opportunity too

H1: https://www.tradingview.com/x/iSL5RiG6/
Daily: https://www.tradingview.com/x/SjW8Yjla/
BTC.D: https://www.tradingview.com/x/iBk5K1WK/

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