Bitcoin MARKET UPDATE
Bitcoin support levels $16,200 and $14,200 strong Support (buyers available at this position).
Bitcoin resistance - $17,500 and $18,600 strong resistance (sellers available at this position).
Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with Risk management accordingly to this bitcoin update.
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Analysis -
Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.