Hello Traders,
BTC has experienced some recent volatile movements, causing concern among many in the trading community. In this update, I'll provide an analysis of the possible BTC scenarios.
1. The breakout above the resistance trendline, marked by a substantial green candle, appeared unsettling. This was followed by a significant red candle, as illustrated in the chart.
2. A correction seems imminent, not just for Bitcoin, but for the entire market. I continue to anticipate this correction.
3. Currently, BTC finds support at $35k and $36k. If it drops below the $35k support level, it may necessitate a reevaluation of the chart using a different timeframe.
4. If BTC exhibits a positive movement from these support levels (a bounce), it could present an attractive opportunity for buybacks or re-entry.
Note: It's essential not to succumb to FOMO (Fear of Missing Out) while trading. Prior to investing, comprehensive research is crucial. Please refrain from regarding this as financial advice, and don't rely solely on this update. Equip yourself with a solid understanding of trading to ensure a safer journey.
We appreciate your valuable time.
Warm regards,
Team Dexter.
BTC has experienced some recent volatile movements, causing concern among many in the trading community. In this update, I'll provide an analysis of the possible BTC scenarios.
1. The breakout above the resistance trendline, marked by a substantial green candle, appeared unsettling. This was followed by a significant red candle, as illustrated in the chart.
2. A correction seems imminent, not just for Bitcoin, but for the entire market. I continue to anticipate this correction.
3. Currently, BTC finds support at $35k and $36k. If it drops below the $35k support level, it may necessitate a reevaluation of the chart using a different timeframe.
4. If BTC exhibits a positive movement from these support levels (a bounce), it could present an attractive opportunity for buybacks or re-entry.
Note: It's essential not to succumb to FOMO (Fear of Missing Out) while trading. Prior to investing, comprehensive research is crucial. Please refrain from regarding this as financial advice, and don't rely solely on this update. Equip yourself with a solid understanding of trading to ensure a safer journey.
We appreciate your valuable time.
Warm regards,
Team Dexter.
