The Federal Reserve has added to its balance sheet for the first time in nearly three years! The past two increases (March 23, March 20) kicked off major $BTC rallies. Time for Bitcoin to push higher again?
$BTC has took out the highs and is now retesting the breakout area. The current area should provide decent support: - 4h 200ema - Key trendline - Horizontal support/resistance at $90.3k. Bounce time.
Fairly erratic PA still, with price trying to push back below $91.5k - so far without luck. Also still trading around daily support here, so makes sense that bulls are stepping in to defend. Sweep those local lows, and we likely push back up towards $94.5k. $BTC
#Bitcoin moving as planned so far. Expecting another push into $94,500 soon enough - clear that, and we have a smooth trip to $100,000 ahead. Until then, patience remains the game, keeping my low leverage long open.
Breakout area defended overnight, but bears trying for a second time. Keep holding above the December highs and it won't be long before we test $100,000 again. Bring it on! $BTC
Wouldn't sleep on $ETH here 👀 Significant higher low, holding key support, and now pushing back up. Major hurdle at $4,000 - but above there, the sky is the limit.
$BTC took out the local highs, but so far continues to hold the December ceiling. Small retrace would be fine, but ideally this does not give a $90k retest. Shallow dip, no easy entries, higher.
Almost every major turning point for #Bitcoin formed with a high-timeframe divergence on the CME chart. We've got one of those again. Time for a new leg higher.