Hello Traders, from the last update on bitcoin, I made it clear on the chart that Bitcoin might move either to the up or down side depending on how it reacts to the strong support and resistance levels.
Now! It has moved to the downside which we also made provisions for. It dropped from around $52K to $41K(the current level) and we might not be sure what will happen next.
So like the last time, we’ll watch it and know if it moves up from this point and fails to move to the yellow trendline, because as we can see it is resting on the trendline
The break of these trendlines will give us the confidence to expect it to move closer to the nearest level(either up or down)
As I said before, the trendlines we see are acting as support and resistance levels.
Now! It has moved to the downside which we also made provisions for. It dropped from around $52K to $41K(the current level) and we might not be sure what will happen next.
So like the last time, we’ll watch it and know if it moves up from this point and fails to move to the yellow trendline, because as we can see it is resting on the trendline
The break of these trendlines will give us the confidence to expect it to move closer to the nearest level(either up or down)
As I said before, the trendlines we see are acting as support and resistance levels.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。