The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Bitcoin - Intraday - We look to Sell at 50185.0 (stop at 51857)
Previous support located at 45500. Previous resistance located at 51000. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies.
Our profit targets will be 45467.0 and 44500
Resistance: 49000 / 50000 / 51000
Support: 45500 / 43000 / 40000