BTCUSD is at the support of trendline and it is very close to the psychological support of 50K. A breakdown of 50K support can push the Bitcoin price to 42K. Which is not a good sign for usdt pairs. After forming Divergence bitcoin is still in a bearish trend.
BTC needs to break the short-term trend line to cross the 60K dollars. Today the bullish breakout level is at 55K.
For New entries, you should wait for the market to show a clear sign of bulls or bears.
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