#BTC/USD Quick Update
📊 1D-Frame 📉 S & R 📈 Chart Update
#Bitcoin couldn't stay above 39000$ in the previous move and unfortunately dumped again below many important supports.
If #Bitcoin can't stay above the last important support at 35000$ (Must close weekly and especially monthly candles above this level), We will have confirmation for continuing the downward move in a big descending channel and we can expect more heavy dumps to about 30000$~28000$ area.
We have big amounts of liquidity (and many stop losses) at about 27000~25000$ area, So, losing the 28000$ may cause a big sudden capitulation with the target of 26000$ and even maybe 21000$ that will be the best price to buy #Bitcoin. (Low probability for now)
⚠️ BITCOIN NEEDS TO STAY ABOVE 35000$!
📊 1D-Frame 📉 S & R 📈 Chart Update
#Bitcoin couldn't stay above 39000$ in the previous move and unfortunately dumped again below many important supports.
If #Bitcoin can't stay above the last important support at 35000$ (Must close weekly and especially monthly candles above this level), We will have confirmation for continuing the downward move in a big descending channel and we can expect more heavy dumps to about 30000$~28000$ area.
We have big amounts of liquidity (and many stop losses) at about 27000~25000$ area, So, losing the 28000$ may cause a big sudden capitulation with the target of 26000$ and even maybe 21000$ that will be the best price to buy #Bitcoin. (Low probability for now)
⚠️ BITCOIN NEEDS TO STAY ABOVE 35000$!