BTC/USD 1 DAY ANALYSIS BY CRYPTOMOJO

Welcome to this quick update, everyone.
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I have tried my best to bring the best possible outcome in this chart.

In a higher time frame, BTCUSD is trending under this big channel.
Currently, it is trending around 38800 support levels.

First scenario: if BTCUSD break and close above the $39.5k-$40.5k level then we are expecting The first Bounce up to 45k level.

Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.

What's your thought on this?
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Thank you


#PEACE