BTCUSDT - Update
Hi All,
As we have discussed in our previous analysis (see the link below), BTCUSDT broke below the mini-bull uptrend line from January and bounced off the 1st support level at 38K.
Now, if BTC can break above the local downtrend line, would expect a move up possibly to 41,800 resistance line. Otherwise, it would break the 38K support line and sell to the 2nd support line at 35K.
Our overall market outlook is bearish due to macro economics and the world events.
Thank you for your support!
* Not a financial advice and please do your own DD.
As we have discussed in our previous analysis (see the link below), BTCUSDT broke below the mini-bull uptrend line from January and bounced off the 1st support level at 38K.
Now, if BTC can break above the local downtrend line, would expect a move up possibly to 41,800 resistance line. Otherwise, it would break the 38K support line and sell to the 2nd support line at 35K.
Our overall market outlook is bearish due to macro economics and the world events.
Thank you for your support!
* Not a financial advice and please do your own DD.
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