BTC/USD (Test Important Daily Support)

💎Technical Analysis Summary💎


BTC/USD

-Things went bad for Bitcoin today as the price is back at the neckline support
-The price declined by almost -14% from the Right Shoulder swing point
-The overall market received a negative impact which leads to multiple stops out or liquidation
-I am technical out of my swing trade positions at a small loss today
-Getting stop out is always part of this game, you just need to know when to exit and re-enter
-If this bearish pattern will continue in the coming days, the potential next support is around 40k dollars
-Guys, be cautious on your next trade because the market is looking bad in the short term view
-Make sure to strictly follow your cut loss level and limit your portfolio allocation
-Risk management is very important during this time and trade discipline
-Good luck everyone and stay safe!



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