Currently btc is moving below resistance trendline and in the range of main support. Break-down from here can bring btc down to 32k and breakout above 52k is bullish in daily time frame. Currently btc is in demand zone from here we can go upward or downward both sides so for clarification we have to wait for further price action.
Main support: 40k
Bullish scenario: Daily close above 52k.
Bearish scenario: Daily close below 40k or 38k.
Trade with tight stoplosses if you are trading and if not then better wait for further price action for clarification.
This analysis is not any kind of financial advice.
Main support: 40k
Bullish scenario: Daily close above 52k.
Bearish scenario: Daily close below 40k or 38k.
Trade with tight stoplosses if you are trading and if not then better wait for further price action for clarification.
This analysis is not any kind of financial advice.
Comment:
Bearish scenario played out