Hello everyone, A corrective wave around geopolitical events caused BTCUSDT to fall 10% from its Feb 15th high. This is not as big as the two previous pullbacks. So there is the possibility that price may move further down towards the Demand Zone (36500 to 38300 range)
The 50% retracement of the bearish bar aligns with previous support. This will be an important level to watch. As a close above that level could indicate higher price movement to come. So watch these levels closely.
This post is just a chart analysis, Not financial or investment advice.
Questions are always welcome in the comments below. Please support the idea with your 👍 and comment. Thank you 🙏 and GL
The 50% retracement of the bearish bar aligns with previous support. This will be an important level to watch. As a close above that level could indicate higher price movement to come. So watch these levels closely.
This post is just a chart analysis, Not financial or investment advice.
Questions are always welcome in the comments below. Please support the idea with your 👍 and comment. Thank you 🙏 and GL