Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Hey guys , while Btc is trying to get back into the larger trend, so far Btc is facing resistance at 200 ma which is a physiological price level as well '10k' ,for a bullish scenario we need to break high with great force above 200 ma , test the trend line for support and reach 11330 target ,but we are loosing positive momentum on the daily ,and the daily Rsi looks like its over bought, if we get rejected at these levels and fail to hold 9070 level, we can possibly retest the Re accumulation zone.and failure to hold that area, means that we will loose the move that brought us to the high, and that is very bearish signal,.
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1st support broken. still have time to gain it back, but btc does not look happy atm, Target is still re accumulation area.
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Bearish Target almost hit !!
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Failure to hold Re accumulation area as support , which is very important to hold !!!, next target will be 7523k