The bullish momentum on higher timeframes is currently losing strength.
However, the lower timeframes show an oversold market with the potential for forming a departure leg.
Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between $40k and $43k.
If the price breaks support at $40,275, a retest at $36,748 may occur.
Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.
Remember to be cautious during choppy market conditions and consider staying on the sidelines.
Trading isn't mandatory every day, and preserving gains is crucial.
Happy weekend, tribe. ✨✨
~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘
However, the lower timeframes show an oversold market with the potential for forming a departure leg.
Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between $40k and $43k.
If the price breaks support at $40,275, a retest at $36,748 may occur.
Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.
Remember to be cautious during choppy market conditions and consider staying on the sidelines.
Trading isn't mandatory every day, and preserving gains is crucial.
Happy weekend, tribe. ✨✨
~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔
𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘