Bitcoin is near its trendline support zone. What is next?
Last three days, BTC/USD lost nearly $3500 in its value. BTC is hovering at its minor trendline support zone of $39500.
$3800/37500 is its strong trendline support zone. Several times, BTC went up from its minor and major trendline support. I am expecting this time will also respect the trendline support.
As long as BTC is above the trendline support zone, it has a chance to test the upside. If the market breaks below the trendline support zone of $36500, it may continue more downside.
Buy Zone: Current market price = $39500/39000
Buy Limit Zone: $37500/37000
SL: 36500
TP1: $43000
TP2: $47000
On the other hand, If BTC breaks below $36500/36000, it may test its most substantial support zone of $30000...
$3800/37500 is its strong trendline support zone. Several times, BTC went up from its minor and major trendline support. I am expecting this time will also respect the trendline support.
As long as BTC is above the trendline support zone, it has a chance to test the upside. If the market breaks below the trendline support zone of $36500, it may continue more downside.
Buy Zone: Current market price = $39500/39000
Buy Limit Zone: $37500/37000
SL: 36500
TP1: $43000
TP2: $47000
On the other hand, If BTC breaks below $36500/36000, it may test its most substantial support zone of $30000...
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