Saturday, May 4, 2024
BTCUSDT 15m sessions TA

US sessions tend to be pretty volatile and since yesterday was a holiday today we might see some pump and dump or dump and pump. Unfortunately it is impossible to forecast the sequence, but we can try to guess the levels where price can be stopped.

Now BTC has support zone for bullish bounce at 26540-26580 just with developing quarter VWAP below. If bullish bounce won’t happen BTC will dip lower and go into another period of consolidation. Zones of interest for those dips: ~26100 / 25900 / 25700

Nearest zones for short entries: 26900-26925 / 27390-27555

Drop back below developing month VAL will return BTC back to bearish scenario with target zone at 23-24k.

@CryptoBullTrades #BTC #Bitcoin


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