BTC/USDT (Testing Important 45k Level)

💎Technical Analysis Summary💎


BTC/USDT


-My previous update last December 23, expecting the bulls to hit push 52k dollars
-But as soon as the price entered that region, the bears acted defensively
-We saw two bearish rejections and finally the bears manages to bring the price down
-Today, Bitcoin is retesting its key level of support which is not a good sign
-Technically, using the 12H time frame period, this is bearish price movement
-This key support becomes weaker over time, so I suggested please be careful
-The market shifted very fast from short term bullish to a bearish signal
-I have been stopped out of my few swing trades with small loses
-Since I am very strict with risk management, the damage is not significant to my account
-I will reassess the situation in the coming days before deciding on my next move
-I hope many are also doing the same thing, limiting the risk for long term success
-Good Luck and a Happy New Year everyone! :)


Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉


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