Type: Bullish RiseKey Levels:Resistance: 24315Pivot: 22430Support: 20705Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce off the stochastic support, we have a bullish bias that price will rise from our pivot at 22430 where the pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection are to the 1st resistance at 24315 where the swing high resistance and 61.8% fibonacci projection are.Alternative Scenario:Alternatively, price could break pivot structure and drop to 1st support at 20705 where the swing low support, -61.8% fibonacci expansion and 100% fibonacci projection are.Fundamentals:As investors are looking to reduce risk ahead of the CPI report, we have a bearish view on Bitcoin . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/micro-bitcoin-futures-mbt1-h4-potential-for-bullish-rise10"
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