BTC / USDT
BTC in downtrend since last visit @ 72k
Where we can see next strong bounce ?
Personally i think the Area around 52k (54k to 50k) can lead to possible bounce
But why ? …:
This area has much supports cluster
This area has big liquidity
Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!)
Keep watching price action there…
Important condition: wicks below moving average are acceptable but not closing below it
Best of wishes
BTC in downtrend since last visit @ 72k
Where we can see next strong bounce ?
Personally i think the Area around 52k (54k to 50k) can lead to possible bounce
But why ? …:
This area has much supports cluster
This area has big liquidity
Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!)
Keep watching price action there…
Important condition: wicks below moving average are acceptable but not closing below it
Best of wishes
Note
BTC is finally around 52k support We must see a strong bounce around here or otherwise we can drop directly to second big support on my chart
Keep following
Note
BTC is bouncing From mentioned supportThis is how the chart looks like now : ⬇️
Trade active
Note
BTC bounced hard from our support 53k to 58k We are now near resistance zone 60k
If we will breach it with strong volume and stable above it for some few days this will be the confirmation of bottom if we see a new rejection then a new retest to support is expected
Lets wait and see …
Note
Price is still testing key level 58-60k CPI news is coming soon
Looks like a hot week ahead
Note
BTC UPDATED CHART 
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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.
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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.