Trading Signal for BTC for February 03 - 04, 2021: Targeting in the short term at $40,625

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The digital currency BTC, this morning of the US session, is trading above the 200 EMA and above the 21 SMA on the 4-hour charts and above the 7/8 Murray.

The bullish force for BTC remains for one more day supporting above the moving averages of 21 and 200, this is a sign that it could continue to rise until the key zone of 8/8 of murray around $37,500.

We expect the price of this BTC digital currency to remain bullish with a medium-term target to the zone of +1/8 murray, around $40,625. Conversely, a break below the 200 EMA on the 4-hour chart, the decline could accelerate to the zone of $31,500.

Our recommendation is to continue buying the BTC every time it makes a correction with targets at $37,500 and $40,625. in the short term.


Support And Resistance Levels For February 03 - 04, 2021

Resistance (1) $37,721
Resistance (2) $39,197
Resistance (3) $40,146

Support (1) $35,042
Support (2) $34,091
Support (3) $33,472



Dimitrios Zappas
Analytical expert
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