⚡️ #BTCLIVE - 02.08 ⚡️
60:40
Bullish:Bearish
Current Status:
We are testing the upper side of the local resistance for the 4th time now and it is looking like it is going to break. It is forming a type of symmetrical consolidation triangle in formation with now major divergences appearing to confirm a weakness of direction yet.
Bullish Scenario
Break 23.4k and we should see it track up towards the unfilled CME gap and POC line at 23.7 to 23.9
Bearish Scenario
Breaking down on the 22.6k then we will likely see continued movement towards 21.4k region
60:40
Bullish:Bearish
Current Status:
We are testing the upper side of the local resistance for the 4th time now and it is looking like it is going to break. It is forming a type of symmetrical consolidation triangle in formation with now major divergences appearing to confirm a weakness of direction yet.
Bullish Scenario
Break 23.4k and we should see it track up towards the unfilled CME gap and POC line at 23.7 to 23.9
Bearish Scenario
Breaking down on the 22.6k then we will likely see continued movement towards 21.4k region
