#BTC is currently trading around the 42.6k level, with the 100-day moving average (100 MA) acting as support. Breaking below this level could lead us to the $40,222 level, which is the lower support for Bitcoin. I anticipate a bounce from the same level. Keep an eye on the 100-day moving average for the next few 4-hour closes.
Ensure you book profits on your leverage positions.
For spot, I am just holding my positions. Do hit the like button if you like my content. hope you are riding the alts I've recommended earlier in my charts.
DYOR, NFA
#PEACE
Trade active
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#BTC The blue trendline is currently serving as a support. Its significance cannot be overlooked. If we manage to maintain this support, I anticipate that scenario 2 will unfold, leading to a retest of the channel resistance highs.