Welcome to this quick update guys. In this 4 hour chart we can see a bearish MACD Crossover happened and Price retraced below the global resistance line which is the red trendline. Since BTC is acting too weird now with a lot of confusion and volatility I can expect BTC to trade under this expanding channel. It is unlikely that BTC could reach the 9133 level but possible too. IMO the best area to long would be the green zone which will provide better Risk Reward. REMINDER FROM THE PREVIOUS CHART: Unless we break above the 10800 level there's still chances that we can see lower 6k levels.
CURRENT SUPPORT Levels are: $9187 (Also happens to be the 50D MA). $8827 (85D EMA) $7800 (200D MA)
Resistance levels: $10350 $10800
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#PEACE
Trade closed: target reached
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Hello guys, welcome to this quick update. The dump was massive. BTC broke down the support and it seems we can head to the lower levels but before that we need need to see whether it breaks above the orange trendline or again gets rejected from it.
In this chart I expect the price to retest the 9400+ level soon.
Although I won't consider it as a buy region. I was 30% in USDT and my bids got filled around $9188.
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