Daily bitcoin analysis. Based on the Price Action method.
Bitcoin has three major levels in the daily time of 50k, 40k and 30k. 30k is the most important number to stay in the long-term uptrend. If this support is lost, Bitcoin will go into a downward phase for a long time. But in any case, our assumption is that the price can break its daily downward channel. Bitcoin will exit this channel according to the path inside the chart, maintaining the level of 40.
Bitcoin has three major levels in the daily time of 50k, 40k and 30k. 30k is the most important number to stay in the long-term uptrend. If this support is lost, Bitcoin will go into a downward phase for a long time. But in any case, our assumption is that the price can break its daily downward channel. Bitcoin will exit this channel according to the path inside the chart, maintaining the level of 40.
Comment:
pullback done to trend and go route
Comment:
if go under 35k trade stop out.
Comment:
The route changed. A new uptrend must be formed from levels 29 and 30