BTCUSDT
#Bitcoin has not been able to maintain itself above its 49 000 support zone and is currently trading around 46 800.
The break of our resistance ( 49 900 ) does not bode well, the 45000 forms the last zone of defense (already tested), before a more pronounced fall towards the 40 000 minimum.
Technically, we are still negative again with a Wave Trend that has crossed down again on the daily frame. Over a 4 hour frame, the indicators are also negative.
✍️ #Bitcoin closing the weekly candle above the $50000 level is important to turn the trend bullish again.
⏳ Stay tuned for the next analysis updates...