Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is rejecting from the $25k crucial resistance level. Currently, it is trading around the $2k level.
So what's the next possible scenario from here? Let's discuss this.
BTC is forming an expanding wedge-like structure in 4hr time frame. As of now, we have good support in the $23.5k-$23.8k range. If BTC holds this support then we possibly see some bounce in the market.
On the other hand, if we get a close below the $23.5k level then be ready to see more dip. In that case, our next supports are $22.6k and $21.8k
The overall market is not looking good as of now. Avoid leverage trading for a few days until BTC does not correct itself completely. This is the time to stay sideline for a while.
I'll keep updating you when the next opportunity arrives. Till then stay safe,
If you like this idea then do support it and hit the like button.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update.
BTC is rejecting from the $25k crucial resistance level. Currently, it is trading around the $2k level.
So what's the next possible scenario from here? Let's discuss this.
BTC is forming an expanding wedge-like structure in 4hr time frame. As of now, we have good support in the $23.5k-$23.8k range. If BTC holds this support then we possibly see some bounce in the market.
On the other hand, if we get a close below the $23.5k level then be ready to see more dip. In that case, our next supports are $22.6k and $21.8k
The overall market is not looking good as of now. Avoid leverage trading for a few days until BTC does not correct itself completely. This is the time to stay sideline for a while.
I'll keep updating you when the next opportunity arrives. Till then stay safe,
If you like this idea then do support it and hit the like button.
Also, share your views in the comment section.
Thank You!
