As I expected in the previous post, Bitcoin reacted to the resistance lines and SMA 100 (Daily TF), although the CPI also contributed a lot to this reaction.👇
In this post, I tried to show you the support ranges in front of Bitcoin, and it is likely that Bitcoin can resist this fall in the support zone of 20120$ to $20040$.
Since the RSI indicator has not entered the Oversold area in the 4H timeframe, we expect a further drop.👇
Bitcoin Analyze ( BTCUSDT ), Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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