#USNonFarmPayrollReport $BTC IMPORTANT!!! STOP!!! LISTEN TO WHAT I AM ABOUT TO SAY ABOUT BTC WITH GREAT INTEREST... YOU ARE GOING TO BE ABLE TO USE THIS ADVICE TO HELP YOU PROTECT YOUR ASSETS!!!
DO NOT BE BLIND AND DO WHAT OTHERS TELL YOU TO DO!!!
The BTC structure we are seeing right now is basically the same structure that we have seen before. The $BTC price has been hitting off of the demand zone (around the 80k – 82k area) that has seen previous major price action, upwards of 20k.
The demand zone is being reacquired by buyers with increased buying volume. The momentum is beginning to turn back to the up side.
This pullback is causing some panic in weak hands, and the price has pulled back also retracement level likely. The weak hands have been shaken out and now have collected liquidity to go up for the next push.
The support and resistance levels that are essential to trading BTC are as follows:
Strong Support: Between 80k and 82k
Mid Resistance: Between 92k and 95k
Major Resistance/ATH Zone: Between 105k and 110k
Future Targets (provided that the support holds):
Price Target 1: 95k
Price Target 2: 105k
Price Target 3: 120k+
As long as BTC is above 80k demand zone, the overall trend remains bullish on the longer timeframes. When BTC can cleanly recapture and hold above 92k, that will provide confirmation for continued motion.
This is where you must maintain your patience. Same zone, same behavior, same set up, again.
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