#BTC/USD Update +
📊 4H-Frame 📉 S & R 📈 Chart Update
In the past 24 hours, #Bitcoin has dropped almost 5%, falling from $46,000 to less than $43,000. The reason is increasing the FEAR because Russia intends to invade Ukraine.
Increasing the price of #GOLD and #Crude_Oil confirms this idea as well.
#Bitcoin needs to start a fast recovery and close the weekly candle with accompany of higher volume, above the 43000$ level till the Sunday midnight (UTC) or we will see another correction downward to 41300$~39400$ area as a first stop in the next few days.
⚠️ Do not forget to manage your RISK tightly like always!
We will monitor the price action to can post a much more accurate analysis later. Stay tuned!
📊 4H-Frame 📉 S & R 📈 Chart Update
In the past 24 hours, #Bitcoin has dropped almost 5%, falling from $46,000 to less than $43,000. The reason is increasing the FEAR because Russia intends to invade Ukraine.
Increasing the price of #GOLD and #Crude_Oil confirms this idea as well.
#Bitcoin needs to start a fast recovery and close the weekly candle with accompany of higher volume, above the 43000$ level till the Sunday midnight (UTC) or we will see another correction downward to 41300$~39400$ area as a first stop in the next few days.
⚠️ Do not forget to manage your RISK tightly like always!
We will monitor the price action to can post a much more accurate analysis later. Stay tuned!