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

Bitcoin Market Update:

Bitcoin and BTC.D are both trading bullish now.

Bitcoin is trying to set a bias but for every move, we need confirmation. A successful bullish Daily closing today will put Bitcoin into a new sideways range area whilst a bearish closing below $28,000 WZRD Support will make BTC bearish again

The US stock indices will play a major role today.

I am of the impression the stock market has panic, and as soon as it hits Bitcoin rest of the altcoins will follow.

The higher timeframe is still bearish and ahead of the monthly transition we should see some volatility but downward pressure from this location is very likely in the near future unless the market gets a massive bullish rally which is unlikely with the current sentiment. The current move looks like a ABC correction pattern in the Daily chart and I’ve provided a projection of what this could form as

Intraday:

The intraday chart is moving bullish but now teasing a WZRD resistance

A stable move above $28,750 (POI) will push BTC towards $29,450 region - Red Dotted WZRD Projection

A breakout below $28,750 (POI) can offer a further decline towards $27,900

A breakout below $28,750 (POI) and then a reversal will offer a long opportunity towards $29,450 - Blue Dotted WZRD Projection

I will be looking for a scalp no matter it pushes up or moves down if there is enough volatility and momentum is there. Be ready

H1: https://www.tradingview.com/x/CG4K7tRQ/
Daily: https://www.tradingview.com/x/MRQBcPpf/
BTC.D: https://www.tradingview.com/x/xygWWPpl/
Daily w/ ABC Proj: https://www.tradingview.com/x/y3kvcKG5/

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