Hi, this is my new update for BTC. Since BTC has a big role on how the altcoins play, we are focusing on BTC chart now. We got a bad news from Elon Musk 2 days ago and that led to a 20% drop on BTC all the way to the support level $47500 and unfortunately we made a lower low. If we compare the top of the 2021 with 2017, we are going to find something very interesting and that is we got the same retracement level 70.2% like 2017 and we got a big pullback and that was the end of the bullrun in 2017. So I expect the bullrun in Bitcoin is done if we break the support level $47500 (the last chance). The other bad news is that in the 2017 bullrun, we never broke the SMA100 and when we did it, it was the end of the bullrun in BTC. 3 days ago we broke SMA100.
If you want to trade, the support level $39000-40500 is good idea.
If you want to trade, the support level $39000-40500 is good idea.