Bitcoin Market Update: Bitcoin and BTC.D are both trading as | CRYPTOWZRD - OFFICIAL

Bitcoin Market Update:

Bitcoin and BTC.D are both trading as a doji so far but things can get changed anytime.

BTC.D is pushing upside which will hurt altcoins against BTC pairs.

Bitcoin is trying to push down but still needs to breakout below $27,600 WZRD Support which will make Bitcoin bearish from here and offer a further downside move towards $25,000 zone & lower. However, a bullish breakout above $28,800 WZRD Resistance can push it higher towards $32,250

The next move from DXY as well as the US stock indices should have an impact over Bitcoin.

My primary focus will be on the intraday chart today and whatever Bitcoin does most altcoins will follow that.


Intraday:

The intraday chart is moving slow and choppy but has overall weakness in the market

A breakout below $27,600 (POI) will offer a short towards $26,200 or lower - Red WZRD Projection

A move above $28,690 (POI) Bitcoin can offer a long towards $30,250 - Blue WZRD Projection

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

H1: https://www.tradingview.com/x/Vco2UAyy/
Daily: https://www.tradingview.com/x/wSqekdZz/
BTC.D: https://www.tradingview.com/x/T4bsbnKe/

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