BTC/USD (Retested 200D Moving Average)

💎Technical Analysis Summary💎


BTC/USDT


-So far, Bitcoin respects the 200D Moving average and Fib 0.786 level
-This area for me is the last bullish oppurtunity for the buyers
-If the bulls can not defend this region, expect a much longer downtrend
-I have plotted a potential bullish channel from the daily swing top
-If we can see a reversal pattern within the next 1-2 weeks
-The chances of this channel to push up increases
-Then, we can see some altcoins bounce back from their support
-Still, the market is unstable so please manage your risk
-And limit your position sizes whether you are playing short-term or mid-term
-Good luck and trade responsibly



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