BTCUSD - Waiting for Short Term Direction
20 SMA - Blue
200 SMA - Pink
Key Confluence Areas: Grey Lines
Market Structure Supports & Resistances: Green and Red Dashed Lines
How I see it:
1) Waiting for a clear break above 58470.
2) Waiting to see if demand holds.
3) A clear break below 56000 could trigger further decline to 54700.
Thank you for reading, boosting and/or following my analysis.
I deeply appreciate it.
200 SMA - Pink
Key Confluence Areas: Grey Lines
Market Structure Supports & Resistances: Green and Red Dashed Lines
How I see it:
1) Waiting for a clear break above 58470.
2) Waiting to see if demand holds.
3) A clear break below 56000 could trigger further decline to 54700.
Thank you for reading, boosting and/or following my analysis.
I deeply appreciate it.
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