The state of the market, in my opinion, is not yet improving. That is on the grounds that, despite the fact that the market has been moving upwards for a couple of hours, no volume refreshes have been seen. We must inevitably rely on daily or four-hour closing. Bitcoin can be considered bullish for some time if at least two daily candles close above 28800. On the other hand, three to four candles should close above 28,800 within the next four hours.
Comment:
I recently stated that Bitcoin's highest support level is between 28000 and 28400. However, based on the current situation with Bitcoin over the past two days, the market has been moving in a downward direction. However, this downtrend was in line with my strategy. Those who followed my plan are without a doubt making money. Bitcoin is at a support level at the moment, and naturally, it is taking support above the 200EMA. However, the RSI indicator reached the 30 level twice in a row, indicating that it was already oversold. From 28 thousand, I am therefore optimistic. We may face a second downtrend, but we must finish above the 200 EMA. Otherwise, 27200 to 27600 is our next common support.