📊TECHNICAL ANALYSIS ON 3-HOURS TIMEFRAME
Some days ago price rebounded down from the support zone, which coincided with the 26000 support level to the trend line, but at once it bounced and made a strong impulse up to 27500 points. After this, the price made a correction to the support level, which there moment coincided with the trend line, and then continued to move up. Bitcoin rose to the 27750 resistance level, broke it, and soon fell back, thereby making a fake breakout, but later it backed up to the resistance zone, and some time traded there. Next, the price rebounded from the resistance zone and declined to the trend line. In a short time, BTC broke this line, fell below, but then bounced up until to resistance zone, thereby breaking the trend line again. But a not long time ago Bitcoin declined back and now it trades very close to the resistance level with the trend line. In my mind, BTC can continue to decline, therefore I set up my target at the 26750 level.
📊QUICK FUNDAMENTAL LOOK
Bitcoin trade neared the $28,000 mark early Monday before retreating as crypto bulls seemed to bet on hopes of a major spot bitcoin exchange-traded fund (ETF) going live in the U.S. in the coming months.
⚠️Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.