Bitcoin Market Update: OUR BITCOIN TRADE IS RUNNING WITH 4 | CRYPTOWZRD - OFFICIAL

Bitcoin Market Update:

OUR BITCOIN TRADE IS RUNNING WITH 470 PIPS PROFIT / +1.78% RAW GAIN MORE TO COME

Bitcoin and BTC.D are both trading with indecisive candles so far and we will have to wait for the market to get the next lead from this location.

The CME opening gap is still there and a gap-filling pressure should be there as I’ve been calling over the weekend

$25,000 is still the main WZRD support, and a bearish breakout below can offer a further decline towards $22,000 or lower $28,500 will be the main WZRD resistance but a breakout above the red lower high trendline will offer bullish momentum

Bitcoin will be leading the overall market from this location. The US stock indices and DXY should also have an impact on Bitcoin.

My primary focus will be on the intraday chart today.


Intraday:

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

We need a location to engage with the second trade

A test of $26,235 (POI) and then followed by a rejection can offer a short towards $24,750 - 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.

A move above $26,235 (POI) and holding there for a while can offer a further upside move

H1: https://www.tradingview.com/x/PENap3EX/
Daily: https://www.tradingview.com/x/pb3MgsUC/
BTC.D: https://www.tradingview.com/x/9Ee5Itvr/