Probably good zone if (yes, IF) price go down is 52-55k zone.
Now we have resistance at 38.2 where are bears opened shorts and this also is triangle midline (resistance now) this 2 things means price received a rejection and still we are in downtrend. Probably this will means nothing with huge news (we have taproot, covid, printing money like brrr and others). But still im bearish but i will look into with different side when price break middle line upward and then confirm this line as support.
Generally, price drop to 52-55 zone will be also good, this is main trend line and if this line will hold probably this will be HL for BTC and new brun will start.
Thanks for your attention! Stay tuned.
Now we have resistance at 38.2 where are bears opened shorts and this also is triangle midline (resistance now) this 2 things means price received a rejection and still we are in downtrend. Probably this will means nothing with huge news (we have taproot, covid, printing money like brrr and others). But still im bearish but i will look into with different side when price break middle line upward and then confirm this line as support.
Generally, price drop to 52-55 zone will be also good, this is main trend line and if this line will hold probably this will be HL for BTC and new brun will start.
Thanks for your attention! Stay tuned.
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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.