#BTC#
Bitcoin is currently trading at around $114,802.
My Observations
This price movement tells me a few clear things:
• Support and Resistance:
• Support: $114,000 – $114,500
• Resistance: $115,600 – $116,000
This range is an important boundary area for short-term price direction.
• Volatility and Momentum:
During the day, the price peaked at $115,600 but was unable to sustain that level. This indicates that the momentum is not at the desired level.
• Psychological Impact:
The determining factor in the main trend will be the upcoming statements from the US central bank. The Fed's direct
View OriginalBitcoin is currently trading at around $114,802.
My Observations
This price movement tells me a few clear things:
• Support and Resistance:
• Support: $114,000 – $114,500
• Resistance: $115,600 – $116,000
This range is an important boundary area for short-term price direction.
• Volatility and Momentum:
During the day, the price peaked at $115,600 but was unable to sustain that level. This indicates that the momentum is not at the desired level.
• Psychological Impact:
The determining factor in the main trend will be the upcoming statements from the US central bank. The Fed's direct