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Moshin_GW
Mar 25, 2021 1:40 PM

$BTC/USD How far will it drop? 

Bitcoin / U.S. dollarBitstamp

Description

Today's BTC has dropped significantly and I've broken the triangular cross-shareholding and the $52,000 line.

Tomorrow will be the largest ever Bitcoin futures option expire. They are refraining from doing so and are wary of any upset sales.

If the decline continues as it is, the support level will be $48,000 and $44,000 lines. If the rate of decline is expanded to this point, institutional investors will enter the market.

On the other hand, if it rebound early, $52,000 will be an important line, so if it can be maintained, we will consider a long position.

If you are not sure about the market price, don't enter it until you have a sense of it.

I think it is one of the strategies to keep an eye on the market, and I want to make a firm decision.
Comments
ViniciusBaccelli
You forgot to add 50k as a resistance, is also 0,68 Fibo retracement level. But good graph, have a good one.
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