Zc17SPdH big

BTC/USD (New Strength)

💎Technical Analysis Summary💎


-Bitcoin finally confirms the weekly key support area
-After a strong recovery back above the 50W MA and hitting the 40k level
-We can say BTC is safe for now in the coming weeks
-But the Bulls can’t stay relax because the 40k dollar is acting as a strong barrier
-And also, we have a new CME price gap of around 34k-32k dollars
-We know these gaps are likely to get filled soon
-If you noticed some Altcoins are not doing well during BTC run-up
-It is because the Bitcoin Dominance level increases too by 5%
-The Altcoin space may move weak or slow in the coming days
-Unless the BTC Dominance decreases and Bitcoin moves in a range
-Congrats for the Bulls, let us see if they can make another follow-through

⚠️Please always read the description⚠️

Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉

If you need help🙋 don’t hesitate to
Send me a message here PolarHusk😊
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱