BTC/USDT
After crossing the short-term ceiling and a fake break, the price returned below the support level and moved towards the main support.
In the main analysis of Bitcoin, we mentioned the downtrend scenario of the market, but we expected another positive wave from the market, which unfortunately was not completed and the uptrend was filled to $ 44,700.
Currently, despite the fact that the price is in the support range announced in the main analysis, due to the fictitious upward movement of the last 48 hours, the validity of this range as a market price floor has been lost and it is expected that the downward trend based on the downtrend scenario To begin.
Accordingly, according to the chart schedule and validation of the ranges, the price is around 38,500 market price ceiling and as long as the price is lower, the downside scenario will be valid.
Support for the return of the price in the 4-hour timeframe is around $ 24,000-27,000, and with the continuation of the current situation, the price will be doomed to fall to the mentioned level.
The list of currencies introduced on May 1 is still above the buying range and is not currently at a loss. Therefore, we recommend that if you have made your purchases at lower points, keep a 5% loss and sell the bitcoin if the price returns to $ 38,500.
If the price stabilizes above 38,500, the analysis will need to be updated again and will be done as soon as possible.
Analysis in shorter timeframes will also be available soon.
After crossing the short-term ceiling and a fake break, the price returned below the support level and moved towards the main support.
In the main analysis of Bitcoin, we mentioned the downtrend scenario of the market, but we expected another positive wave from the market, which unfortunately was not completed and the uptrend was filled to $ 44,700.
Currently, despite the fact that the price is in the support range announced in the main analysis, due to the fictitious upward movement of the last 48 hours, the validity of this range as a market price floor has been lost and it is expected that the downward trend based on the downtrend scenario To begin.
Accordingly, according to the chart schedule and validation of the ranges, the price is around 38,500 market price ceiling and as long as the price is lower, the downside scenario will be valid.
Support for the return of the price in the 4-hour timeframe is around $ 24,000-27,000, and with the continuation of the current situation, the price will be doomed to fall to the mentioned level.
The list of currencies introduced on May 1 is still above the buying range and is not currently at a loss. Therefore, we recommend that if you have made your purchases at lower points, keep a 5% loss and sell the bitcoin if the price returns to $ 38,500.
If the price stabilizes above 38,500, the analysis will need to be updated again and will be done as soon as possible.
Analysis in shorter timeframes will also be available soon.
Trade active:
#BTCUSDT
According to previous analysis, the range of $ 27,000 has been seen and even the price penetrated for a moment up to about $ 26,500 (in the USDT market).
Currently, the most important resistance of the range is around $ 31,400, and as long as the price is below this level, it will be prone to re-fall to the final support of around $ 23,800.
The main ceiling of the market and the range through which the market trend will rise after several months is the level of $ 36,500, if the price moves towards this resistance from the current range, there is a possibility that the correction will be larger The resistance will start a new downtrend in the range of $ 19,000. But if the price continues to correct from the current range of the downtrend scenario to 19000, it is almost invalid and the price is expected to be supported in the same range of 23000-24000 dollars.
Also, the volume of market cups and altcoins have returned to above their support after recording a heavy sales record, which will be analyzed and updated if they are confirmed and stabilized.
#BTCUSDT
According to previous analysis, the range of $ 27,000 has been seen and even the price penetrated for a moment up to about $ 26,500 (in the USDT market).
Currently, the most important resistance of the range is around $ 31,400, and as long as the price is below this level, it will be prone to re-fall to the final support of around $ 23,800.
The main ceiling of the market and the range through which the market trend will rise after several months is the level of $ 36,500, if the price moves towards this resistance from the current range, there is a possibility that the correction will be larger The resistance will start a new downtrend in the range of $ 19,000. But if the price continues to correct from the current range of the downtrend scenario to 19000, it is almost invalid and the price is expected to be supported in the same range of 23000-24000 dollars.
Also, the volume of market cups and altcoins have returned to above their support after recording a heavy sales record, which will be analyzed and updated if they are confirmed and stabilized.
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub