BTC/USD 4h analysis,
Not much has changed since the last analysis on BTC.
We continue respecting ranges in drawn descending channels and bouncing from green support at 41.000$. In the upward direction, the first resistance is at 44.000$. Breaking that would also mean that we're out of the channel, where the majority of traders will place long positions.
In case that price continues to decline and falls below 41.000$ consider placing a short trade after we turn support in resistance.
Not much has changed since the last analysis on BTC.
We continue respecting ranges in drawn descending channels and bouncing from green support at 41.000$. In the upward direction, the first resistance is at 44.000$. Breaking that would also mean that we're out of the channel, where the majority of traders will place long positions.
In case that price continues to decline and falls below 41.000$ consider placing a short trade after we turn support in resistance.