BTC target hit
BTCUSD Perpetual Contract BYBIT:BTCUSD
In my last update we recognized BTC’s weakness and weren’t really looking at any level other than the daily at 35k
Today we hit the daily (35k) and bounced 15%
We hit our first major resistance (39.3k) which was our last high before the drop
So a TP in my opinion if you got into a long
Next major level of resistance is the 42k area, very important one in my opinion, if we reclaim it would be a good sign of strength for BTC .
For levels to the downside, I still have the same view as I had in my last update : if we lose 34-35k I expect a break of 30k
Any questions?
Good luck traders
Remember not to break your rules
Habib
