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Good morning everyone,
👉Yesterday, I expected $BTC to reach 39,000 by last night, but it reached 38,989. It's okay. Now, I can see some new levels created, so we can expect it to reach 39,000 again.
👉As per the 5m chart, #BTC currently has resistance at 38,800 and support level at 38,620. Yesterday evening, the resistance level was created at 15:35 IST. BTC attempted to break the resistance at 22:00 IST, but unfortunately, it had a false breakout at that time. As a result, BTC dropped to 38,612. Now, it is attempting to break it again, and this time, it should break soon. The 5m chart currently shows bullish momentum, indicating a high possibility of a real breakout. Once the breakout is confirmed, reaching 39,300 is possible.
👉As per the 15m chart, $BTC currently has resistance at 38,787 and support at 38,620. In the 15m chart, BTC is currently trading in bearish momentum, so a real breakout is not likely to happen at this time. BTC's price may increase up to 39,000, then drop to the support level or 38,500, creating a new support level. After that, BTC will rise again, and a real breakout on the resistance level is expected. Once broken, BTC will reach 39,500-39,700. This information aligns with today's potential movements.
👉As per the 1H chart, BTC currently has resistance at 38,790 and support at 37,614. BTC is currently trading in Bullish Momentum, indicating that it may break the resistance at any time. Once a real breakout occurs, BTC will reach 40,000, experiencing a sudden pump. After reaching 40,000, it may drop to 39,500, forming a new resistance level. This is my expectation based on our analysis.
👉I provide accurate analyses for the 5m, 15m, and 1H charts. Feel free to use this information for your trades, and ensure trade with enough funds. Keep in mind that the 5m chart analysis frequently changes, so use that information as a reference. Avoid high-risk trades.
Thanks for your support and love Have a great day.