BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
#BTC/USDT
$BTC dropped to support zone and touched the broken descending resistance and confirmed it as support,
if price hold this support area, it can head up to parallel trend line that act as resistance and is the same with resistance zone around $49k.

drop more below support zone will invalid this analysis.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.