BITCOIN MARKET INSIGHTSsteemCreated with Sketch.

in hive-108451 •  3 years ago 

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BITCOIN

The whole market structure depends on the Ukraine situation right now. I am not good at politics, so I genuinely don't know what to expect. Thus, technical analysis becomes less efficient. Still, we have to continue to read charts and be prepared to harsh moves.

Resistance is still the same: $39300 - $39600, I am very bearish below it. Below the current price there are two unswept lows: $36250 and $35530, I believe we'll see them tagged soon. Not talking about new low just yet, #BTC still has a chance for a reversal.

The market is super weak, alts make new lows every day, this is a bad place to catch knives!

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