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 have weakness as I suggested yesterday.

BTC.D has a wide room to decline though it also has room for upside

Bitcoin is showing signs of weakness from the neckline of the H&S but we need bearish daily closing today, in that case $25,000 will be the next WZRD support although until then $28,100 is the main WZRD resistance

Whatever Bitcoin does most altcoins will follow that.

My view still stands until invalidated that this is a H&S retest which is a common phenomenon.

I will pay more attention to the intraday chart today, from the regular US trading session we should see more volatility.

The US stock indices should have an impact on Bitcoin.


Intraday:

The intraday chart is having some volatility but still trading into a smaller range area.

A bearish move below $27,000 (POI) will offer a short opportunity towards $25,900 - Red 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.

However, above $27,850 (POI) will offer a further upside move towards $28,960 or more sideway range volatility - Blue WZRD Projection

H1: https://www.tradingview.com/x/w1XC1iwc/
Daily: https://www.tradingview.com/x/vlrZGVE3/
BTC.D: https://www.tradingview.com/x/c1oxWxYW/