Hello, I find it difficult to understand the movements of Bitcoin in this period with a war in progress. Can technical analysis help us at this moment? I don't know but we can certainly use the volatility to our advantage. We are still below the 50-day SMA (38275) and below the 200-day SMA (38477) which represent the next resistance channel. The next support is found in the area 37500 and area 36500.
As usual, I report the weekly levels to be observed and the levels for intraday trading:
For the interpretation of the levels and the construction of the excel sheet that I always publish, and my trading method, you can consult the book in Italian and English: https://www.amazon.it/dp/B09QRXJCDQ https://www.amazon.com/dp/B09RHH9PVH
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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.
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