Going as it is. Bitcoin just traded below our level and close very near to our support area.
BTC trying to hodl its support. Support level will still be the same. Also at the same we can see some wicks in 1H at Support.
Close below $35,000 to lead to more Bearish moves.
BTC dumped more than 8% in single shot from resistance. Also some news released from china about banning Bitcoin mining.
Trade safe with proper Stops because these whales are trying to accumulate as much they can.
Support area is $35,500 - $36,700
$BTC analysis update
As said $41,423 - $43,634 will be good resistance. From there the market falled from that range below below $40,000 and nearly hits $39,000. The market is also below 200EMA.
Hold your trade with Stops if any.
It exactly hits our last Support level and flies upwards quickly.
We've given support around $32,300 but heavy demand sitting at $30,000, so the market just traded below for a few moments and immediately spikes up.
Despite that, a large number of Bitcoin & stable coin inflow and outflow is going on which results in this heavy crash.
The daily strong level of...
It dumped to our given minor Support region near about $36,300. We can see wick on this minor support.
Alts shown some weakness as of now, tighten you stops.
If BTC daily candle close below $39,800 the market will turn bearish and we could see more dump.