BTCUSDT Analysis by @harmynder

Total Quality
Score
118719
120000.0000000000
117000
BTCUSDT
1H
Free
Analysis Predict Range Market
crypto
Technical
The analysis focuses on Bitcoin's zigzag pattern between green (buy) and red (sell) zones. Bitcoin is currently in a red sell zone, suggesting profit-taking. A buying opportunity is anticipated below 117K. Ethereum mirrors this pattern. Futures for the S&P 500 and Nasdaq are neutral, with potential selling opportunities at market open. SPX might fill a gap down to 6029, a possible 4.39% correction. An eight count sell signal is shown on NASDAQ and seven count sell signal for NDX, indicating an overbought condition with possibility of correction before earnings, this could help the price of gold to increase. Tesla has a seven count sell signal, warning before earnings. Long-term charts for Bitcoin and Ethereum show recovery attempts. Crude oil futures show a seven count buy signal, positioned in a buy zone, suggesting potential bounce.
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