There is CME gap around 32.8K which most of the time need to be filled.
The gap filling would also retest the major falling wedge resistance > support.
Even it is not necessary.
The gap filling would also retest the major falling wedge resistance > support.
Even it is not necessary.
Note
Obviously BTC fail to break 40K key levelIt is time to retest 32.6K-33K to validate 3 things;
1. Fill in the CME gap.
2. Retest falling wedge upper resistance breakout point(flipping into support).
3. healthy pullback onto fib 0.5~0.7.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.