DODO analysis:

The price is currently testing the resistance area. A small uptrend line is acting as support. It is recommended to wait for a clear breakout above the resistance area before opening new long positions. Conversely, if the price breaks below the uptrend line then there may be an opportunity for short entries.

Support Area: $0.127-$0.14

Resistance Area: $0.193-$0.205

#BTC Main 11.05.2024📊

BTC: $ 60,800
ETH: $ 2,900
BITCOIN DOMINANCE 54.73%
TOTAL MARKET CAP $ 2.19
Crypto Fear & Greed Index: 53

📊Bitcoin gave a rather sharp correction yesterday, which looks like a hard strait. In fact, the price simply returned to the area of 0.5 - 0.618 Fibonacci levels of the local trend, turning away from the area of the notorious ma200 moving average. From the current values, I would again expect to see at least a small rebound, because the green block shows itself quite strongly in terms of purchasing power and sales absorption.

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