📊TECHNICAL ANALYSIS ON 1-HOUR TIMEFRAME
BTCUSDT has been on consolidation for sometimes now. The crypto instrument has been range around the 43500 and 42250 zone and after the liquidity grab at 43575.13 level, the market has made a major move to the downside leaving fair value gap that needs to be filled. My professional thought on this market is that it will move bullish to the 43221 level and then sell down to at least 42250 zone. So now 43221 can be our entry zone and 42250 level can be our Take-Profit level
📊QUICK FUNDAMENTAL LOOK
Bitcoin price may still be correcting as many predicted it would after the SEC approved several Bitcoin ETFs on Jan. 10. But the halving this year will exert its own influence over crypto exchange rates. After crashing 15% from the Jan. 10 price to on Jan. 22, Bitcoin (BTC) retraced to support above $42,500 for the first five days in February. But it hasn’t stayed anywhere for long.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.