Hello Traders its not a financial advice its just analysis.
As we can see there is alot of panic and fear in the market but bulls must need to hold the strong region around 29k-30k for bullish momentum if the candle closure below these levels we can see 23k support to 19k support.Btc is moving in falling wedge as you can see and making Lower Lows(LL) and Lower Highs(LH) which indicates that price is moving in downtrend and we can call it bear market but for now its important to hold and give respect to trendline resistance for small relief rally till 35k-37k there is a resistance of trendline as well as horizontal resistance the breakout falling wedge is reversal pattern which shift the trend but for now we are moving in falling wedge
Show some love guys <3
As we can see there is alot of panic and fear in the market but bulls must need to hold the strong region around 29k-30k for bullish momentum if the candle closure below these levels we can see 23k support to 19k support.Btc is moving in falling wedge as you can see and making Lower Lows(LL) and Lower Highs(LH) which indicates that price is moving in downtrend and we can call it bear market but for now its important to hold and give respect to trendline resistance for small relief rally till 35k-37k there is a resistance of trendline as well as horizontal resistance the breakout falling wedge is reversal pattern which shift the trend but for now we are moving in falling wedge
Show some love guys <3