📊TECHNICAL ANALYSIS ON 1-HOUR TIMEFRAME
A few moments ago price rose to the 37600 resistance level, which coincided with the resistance zone, and even broke it, but soon rebounded down to the 35800 support level, thereby making a fake breakout. After this, BTC bounced from the 35800 level and tried to back up to the resistance level, but failed and in a short time declined below a support level, which coincided with the support zone, to the trend line. Next, the price entered to triangle, where it made a strong impulse up higher than the support level and resistance level, breaking it. But later Bitcoin started to decline and fell to the 35800 level, thereby making a fake breakout of the 37600 level again. After this movement, the price bounced from the support level and started to rise near the trend line to the resistance level, but when BTC reached this level, it rebounded and made a downward impulse to the support level, thereby breaking the trend line and exiting from the triangle. Also recently, the price bounced from the 35800 level and started to move up. For this case, I think that Bitcoin can make a little correction and then continue to rise to the 37600 resistance level, where is located my target.
📊QUICK FUNDAMENTAL LOOK
Bitcoin's price pulled back below the $37,000 mark in the past 24 hours after Tuesday's release of minutes from the last Federal Open Market Committee meeting.
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