Bitcoin After Yesterday’s Slump There was a false breakthrough on the daily line, This is also close to the pressure level of about 48,000 above.
Therefore, the next month or so will be more critical days. That is, the triangle convergence of the daily line, And there is a false breakthrough at the high level here to lure bulls. I think this side might form a top
If it falls below the lower trend line, Then the more important support falls around 31,800.
#The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
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After an upward breakthrough in the first two days, it means that the false breakthrough has expired. Although the false breakthrough fails, But in the morning, it was pulled down to around 48,000. It represents that 48000 is still a valid pressure level.
In line with the ETF news to be announced in the near future Here I choose to wait and see with empty hands and wait for the next development.