Update of the previous analysis means this analysis -------->
Before starting the analysis of the chart, we should pay attention to the news that maybe everyone knows that the closing period of exchange offices in China is finally over and the selling pressure at the Eastern market hour has decreased. One of the main reasons for the increase in sales pressure for some time
In the previous analysis, two scenarios were predicted: one move from the price of $ 41,000 to $ 39,500 or a more optimistic scenario, moving from the very important and vital level of $ 46,000 and we saw how the level of $ 46,000 could prevent further decline of btc. Due to the reduction of sales pressure from the Chinese and in addition the stabilization of btc on the level of $ 46,000, one can expect an upward movement from this level, of course, personally, I will not enter btc until the level of $ 53,000 is broken, because in the previous two moves Has not failed to reach this level.
💎Conclusion: BTC needed a correction after a sharp climb. This correction could have ended sooner but it was longer due to Chinese sales. Now btc has reached a strong support level, so we can say that the price correction is over, but it is not possible to determine when the correction will end, so it is better not to do anything in the current situation until btc rejects the $ 53,000 $ level and then slowly Baste bought any resistance.
Before starting the analysis of the chart, we should pay attention to the news that maybe everyone knows that the closing period of exchange offices in China is finally over and the selling pressure at the Eastern market hour has decreased. One of the main reasons for the increase in sales pressure for some time
In the previous analysis, two scenarios were predicted: one move from the price of $ 41,000 to $ 39,500 or a more optimistic scenario, moving from the very important and vital level of $ 46,000 and we saw how the level of $ 46,000 could prevent further decline of btc. Due to the reduction of sales pressure from the Chinese and in addition the stabilization of btc on the level of $ 46,000, one can expect an upward movement from this level, of course, personally, I will not enter btc until the level of $ 53,000 is broken, because in the previous two moves Has not failed to reach this level.
💎Conclusion: BTC needed a correction after a sharp climb. This correction could have ended sooner but it was longer due to Chinese sales. Now btc has reached a strong support level, so we can say that the price correction is over, but it is not possible to determine when the correction will end, so it is better not to do anything in the current situation until btc rejects the $ 53,000 $ level and then slowly Baste bought any resistance.