BTC remains bullish as it broke the $28.9k major resistance zone. Still heading towards the $33k major resistance that can be seen daily. This move was discussed in last week’s article. See the analysis below:
Chart showing performance of BTC/USD (on Daily Time Frame as of 3rd of April, 2023). Source: Trading View
The break of the $28.9k resistance flipped it into a support zone. A retest of this support zone should be considered when taking any entry. BTC/USD price is bullish.
The current analysis is below:
Chart showing performance of BTC/USD (on 4 hour Time Frame as of 10th of April, 2023). Source: Trading View
In the 4-hour timeframe, the price of ETH can be seen to move bullishly heading towards the Major resistance.
However, there was a failure to mitigate the last 4-hour demand zone before causing another BOS(Break Of Structure).
Bulls are currently in control of the market. The price is bullish.
Chart showing performance of ETH/USD (on 4-hour Time Frame). Source: Trading View
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⚠️This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding.