BTC/USD (Daily Fib .382 Still Valid)

💎Technical Analysis Summary💎


BTC/USD

-After an extreme price action yesterday liquidating both high leverage long and short positions
-Bitcoin today is showing a little strength as the price is trading above the MA50 and MA200
-This is a good sign to the market because I can see some mid-cap to low-cap coins are recovering
-If BTC can maintain above 46k for the next 3-5 days, I think that is a good swing entry for altcoins
-On a daily market price structure BTC still respecting the Fib .382, this will be our key guide
-As long as BTC can defend the 43k-44k Fib area, the bulls will always have a chance to bounce back
-But take note because every bounce back recovery is a different story
-So please always be cautious and follow your trading plan strictly



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