BTCUSDT 31K Weekly Update Monday OCT23 2023 #42
BTCUSDT 31K Weekly Update Monday OCT23 2023 #42
Btcusdt bulls are at the 31-32k historical resistance.
Will need to clear the this level for a highly probable continuation.
All the indicators are currently in bulls favor. On the macro and short term, Bulls just have to stay with the trend and would stay away from leverage longs.
On the other hand, bears need to be patient before entering any short selling.
Once the indicators start to slow down, will look for an ideal entry range for the short term trades.
If bulls manage to take out 32k, the overhead resistance will be 35-37k and 39k (0.618)
If bears reverse the price, 0.5-0.618 remains at 22-20k.
Btcusdt bulls are at the 31-32k historical resistance.
Will need to clear the this level for a highly probable continuation.
All the indicators are currently in bulls favor. On the macro and short term, Bulls just have to stay with the trend and would stay away from leverage longs.
On the other hand, bears need to be patient before entering any short selling.
Once the indicators start to slow down, will look for an ideal entry range for the short term trades.
If bulls manage to take out 32k, the overhead resistance will be 35-37k and 39k (0.618)
If bears reverse the price, 0.5-0.618 remains at 22-20k.
