Hello , Everybody
As we see in chart we have to major point to go and test the price channel , first one is 3970 which represents :
1- 0.32 Fib Lvl
2- 100 , 50 EMV
The second point is 3985 which represents :
1-0.5 Fib Lvl
2-The previous upward trend that we break last day
3-MacD divergence happens on it (expected)
So , bitcoin will stay bearish until we break these 2 points , if we don't and break the bottom of the price channel the next support point will be 8750 then to 8200
As we see in chart we have to major point to go and test the price channel , first one is 3970 which represents :
1- 0.32 Fib Lvl
2- 100 , 50 EMV
The second point is 3985 which represents :
1-0.5 Fib Lvl
2-The previous upward trend that we break last day
3-MacD divergence happens on it (expected)
So , bitcoin will stay bearish until we break these 2 points , if we don't and break the bottom of the price channel the next support point will be 8750 then to 8200