BTC brokedown several support level in the past 24 hours.
Actually the traditional market also turn into bearish mode under the big shadows of Covid-19 and USA debts.
It's really hard to back to 50K for BTC.
MACD has formed a daily death cross half a month.
SMA 5 and SMA 50 has also formed a daily death cross.
Currently there is four resistance level according to the Fibonacci retracement and previous pivot points.
In consideration of the long term bullish trend of BTC, recently it's better short than sell :)
Actually the traditional market also turn into bearish mode under the big shadows of Covid-19 and USA debts.
It's really hard to back to 50K for BTC.
MACD has formed a daily death cross half a month.
SMA 5 and SMA 50 has also formed a daily death cross.
Currently there is four resistance level according to the Fibonacci retracement and previous pivot points.
In consideration of the long term bullish trend of BTC, recently it's better short than sell :)