BTC's weekly close is still extremely strong above its newly adjusted POC (Point of Control) at $ 41600. This is the main level on which we will be looking for potential new test and long spot / low leverage positions.
After exiting such a high volume consolidation range, we can expect this POC to hold as support and likely lead us to our new resistance (also my original MTO) at $ 50,500.
We will probably have one of the most bullish trends in a long time ...

First support 42600 next resistance 45310 

I am attaching, as usual, the levels for intraday trading of some crypto. I am long on XRP with its 3 targets and stop loss.

Chart from tradingview.com

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

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