OK lets begin our scenario , this is daily chart of BTCUSDT couple of days ago bitcoin managed to break an important support level and saw went below 40,000 .
it came back and it seems like it is retesting the broken support , it's moving around 44.000 now .
as you can see it looks like prices either going down after retesting this level or going to go a little more up to test the upper line of the channel that I marked on the chart and then begin bearish rally to another strong support zone between 38-37.000
we can expect a reverse up from there but until then , I'm bearish
RSI also proving our analysis by reaching a strong resistance
THIS IS JUST AN ANALYSIS...
it came back and it seems like it is retesting the broken support , it's moving around 44.000 now .
as you can see it looks like prices either going down after retesting this level or going to go a little more up to test the upper line of the channel that I marked on the chart and then begin bearish rally to another strong support zone between 38-37.000
we can expect a reverse up from there but until then , I'm bearish
RSI also proving our analysis by reaching a strong resistance
THIS IS JUST AN ANALYSIS...