BTC
We have got support on the weekly TF at $19670.96 - $14700.76 which means we are very bullish. We are obviously looking for price to hold these bullish zones.
This bullish bias doesn't necessarily mean that we are going to have a major bullish run to the upside chasing targets like $30k. As you have seen several times, lots of indication for a bullish move and then the bears prevail.
We have target highs at $25138.18. looking for BTC to clear these areas and possibly give us a retest of those highs for more bullish situations.
We also have lows at $17579.73, if price break through these lows, we would like a retest of the lows and look for bearish situations to the downside.
JDAMs $21072.98 zones on the daily charts are for short-term shorts. we could see a bit of retracement into $19670.96 and then price moves into the last resort zones.
Bullish situations at the last resort would be a break and retest of that LR(last resort) with a push to the upside and clear highs at $25138.18. Then we can hope for a break and retest for more bullish situations.
Bearish situations would be a rejection of the LR and price moving to clear lows at $17579.73. Then we can hope for a break and retest for more bearish situations.
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