1) If BTC bounces off support #1, then it could rally back up toward the $42K area to test resistance.
2) If BTC breaks down below support #1, then support #2 would be the last major barrier for the bears to break through to reach new lows. It could still get a bounce off here as well.
This is not financial advice. These are just my ideas and opinions.
2) If BTC breaks down below support #1, then support #2 would be the last major barrier for the bears to break through to reach new lows. It could still get a bounce off here as well.
This is not financial advice. These are just my ideas and opinions.