Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. In my previous BTC update, I told you that I'm expecting a bounce to the
39K-$40k level than a rejection from there. Exactly the same happened we got a nice bounce to 39K level than a drop to $35k.
So what now? I'm still cautious. As of now $35k is good support in the daily chart. If we get a daily close below $35k the ready for $30k.
IMO $33k is not the bottom. I'm expecting the price drops to $30k-
31K from here and if we hold these levels then a nice bounce is expected.
Until and unless BTC breaks above $40.5k we are not out of woods. Till then stay cautious and trade carefully.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USDT update. In my previous BTC update, I told you that I'm expecting a bounce to the
39K-$40k level than a rejection from there. Exactly the same happened we got a nice bounce to 39K level than a drop to $35k.So what now? I'm still cautious. As of now $35k is good support in the daily chart. If we get a daily close below $35k the ready for $30k.
IMO $33k is not the bottom. I'm expecting the price drops to $30k-
31K from here and if we hold these levels then a nice bounce is expected. Until and unless BTC breaks above $40.5k we are not out of woods. Till then stay cautious and trade carefully.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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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.
Related publications
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.