$BTC/USD How far will it go?
BTC, which has been rising like every day, but now it has broken below the rising parallel channel due to the continuous decline in the last few days.
Currently it is supported by 200MA, but if it get out of this, It looks like we need to expect a plunge of up to $44,000.
However, because it continues to rise without major adjustments so far, I think that there should be some adjustment.
If it drops to $44,000, the market will rise again. If you enter a long, you can recover from $48,000 safely and if not recoverable, the current uptrend can also mean the end.
Fed Chair Powell also said this weekend. Weekend quotes are very important, Watch the market carefully and plan your next strategy.
Currently it is supported by 200MA, but if it get out of this, It looks like we need to expect a plunge of up to $44,000.
However, because it continues to rise without major adjustments so far, I think that there should be some adjustment.
If it drops to $44,000, the market will rise again. If you enter a long, you can recover from $48,000 safely and if not recoverable, the current uptrend can also mean the end.
Fed Chair Powell also said this weekend. Weekend quotes are very important, Watch the market carefully and plan your next strategy.
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