BTC/USDT 2 HOUR ANALYSIS

Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.

I have tried my best to bring the best possible outcome in this chart.

BTC fell yesterday because of Putin's tweet. now it is having $38800 as a resistance.

First scenario: if BTCUSD break and close above the $39.5k-$40.5k level then we are expecting The first Bounce up to 45k level.

Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.

here we have 100 ma as a local resistance.

Let's see what happens. Also, keep a close eye on war-related news because if Putin really starts nuclear war then no one has any idea what's going to happen.

What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.

Thank you


#PEACE

Comment:

USDT DOMINANCE UPDATE

Comment:

BTC has bounced as expected. but it still does not break the $39.5 - $40.5k level.
It needs to break the level to remain bullish.
Let's wait and see how the 4-hour candle closes.