Let's take a closer look at the 4-hour timeframe; the trading volume at Binance Exchange confirms the support of $40,000. Currently, this negative trend has stopped, and you can enter the stage of entering the spot and long-term, but in the short term, there is still no positive signal.
By breaking the $40,000 (I mean closing the candles and stabilizing the price below it), Bitcoin will continue to fall to the $ 37,000 range.
Given the current situation, starting an uptrend in Bitcoin would require the price to cross $41,000 or fall to $37,000.
If you are a trader, pay close attention to your stop-losses.
By breaking the $40,000 (I mean closing the candles and stabilizing the price below it), Bitcoin will continue to fall to the $ 37,000 range.
Given the current situation, starting an uptrend in Bitcoin would require the price to cross $41,000 or fall to $37,000.
If you are a trader, pay close attention to your stop-losses.
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Bitcoin has experienced good growth in the last two weeks, taking back all its past profits from its investors in just 4-5 days.
Currently, the $38,800 minor support of Bitcoin has been lost.
Bitcoin is now close to the $37,000 channel, and its volume has not increased significantly. $37,000 is good support for it.