Bearish signal on Balances exchanges:
More BTC coming on exchanges to get sold, whales are ready to push the price down if the S&P 500 starts first given the high correlation.
Possible bullish reversal on the S&P 500 in favor of BTC or the continuation of the down trend?
Close to the last high and 50% fib, with bullish divergence to be confirmed after the Weekly close tomorrow.
The next resistances to watch will be:
- The 4290: the last + high in Daily.
- The 61.8% fib at 4320 in confluence with the MA 62 Weekly.
For a bearish to bullish trend reversal Weekly is better to have more confirmations with technical and fundamental analysis, to avoid a fake break out.
We are in the bear market, I don't know when it will be over, but I am convinced that we are closer to the end than the beginning!
The good old DCA will do the job.
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📈 Binance: https://www.binance.com/en/register?ref=12258276
📈 FTX: https://ftx.com/#a=1768923
📈 Coinbase: https://www.coinbase.com/join/amine_f
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📈 Phemex: https://phemex.com/register?group=718&referralCode=BAR9K
📈 Bitmex: https://www.bitmex.com/app/register/xXePh3
📈 Kucoin: https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
📈 Huobi: https://www.huobi.com/en-us/topic/double-reward/?invite_code=33423
📈 Bitmart: https://www.bitmart.com/en?r=7cxGAc