Bitcoin is still looking for a directional decision. The market makers try by all means to bring liquidity into the market as best they can. This was also clearly visible yesterday. Bitcoin briefly rose above $27,300. But as expected, this level couldn’t be maintained for long. The whole movement was completely dismantled that same evening. At the time of the video we are trading at around $26,800. Of interest to day traders is the new bearish vector candle that developed last night as a result of the sell-off.
It seems as if the market is preparing for tomorrow’s interest rate decision. Smaller volatile movements are therefore to be expected.
On the 4 hour chart we have a new range zone since yesterday. This extends from the 800 to the 200 EMA. If one of these EMAs is broken, we have a trend reversal and higher price action can be expected again.
Bitcoin price: The important price levels
Resistance level: $26,900-27,000
All further details and information in the video:
Over
Bastian Keller has been operating independently in the Forex market since 2015 and has been a full-time trader in the crypto market since 2018. He actively shares this expertise on various social media platforms, especially on his YouTube channel “Bitbull Trading”, with more than 36,500 subscribers.
In addition to his YouTube channel, he has already built a community with more than 4,000 active members. This offers both beginners and experienced traders the opportunity to improve their skills to a professional level. The focus is on operating profitably in the market in the long term, regardless of your location.
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