Crypto Market Analysis || Steem & BTC || Steem Alliance Community.

Hello Everyone,

Good morning everyone, how are you, i hope you all guys will happy and good. By thr grace of God, i am also good. Today i am here with new post in which i am going to analysis the next btc movement. I am continuesly guiding to my community members about btc.

In the previous post i have clearily mentioned that we will see the btc toward 40k to 45k at thr end of this year. The greatest news for all steemians are abiut sbd. SBD printing has been started. Now 100% SBD is printing after a long time. Here is the market overview for SBD.

I am making this post at late night but can not do the complete analysis of BTC. So from the yesterday night to today morning, Steem has been droped from 0.28 to 0.2550 now it is trading at 0.2660

Now, we talk about the btc.

Basically, BTC is facing the temporary bearish movement. At the time of making this post btc is trading at the 37k level. But according to my analysis may be it will come back at 36500 level for taking price correction.

BTC has not to much valume due to weekend. It is trading still at 37k. 15 minute candlestick still maintain the bearish market. It is making bearish temporary pattren. Btc need to broke the 37500 level to confirm the bullish trend again. 36800 is the support level in 15 minute chart.

But i we talk about the 1 hour candlestick then it is still in strong bullish movement. If anyone have open the long position then you do not need to close the long position yet. Tomorrow market will get more volume inshallah.

Two year ago, btc was at 63k level at that time. In the last year it was at 17k level and today it is at 37k level.

BTC is making symmetrical triangle in both 15 minute and 1 hour timeframe. Its means that the price can move on both direction upward and downward but the whole market is in bullish trend so i am seeing to break this triangle in upward way.

If we talk about BTC funding rate then it is still positive, its means a lot of long positions are opened, whales always think in opposite direction according to trader trading strategy. It would be my pleasure if you will share your opinion and reviews about steem price and current market situation.

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