Analysis of Support And Resistance

Combining fibonacci retracement levels and recent lowest bottoms , currently there are 3 support levels including $49300, $48000, $46500, and obvisously $51000 is still a strong resistance.

I will add long position at support zone and close part of my long position near resistance zone.

And it's ok to short BTC at $51000 but not for long, considering the bullish market background.

Watch out fake breaks.

Not Financial Advice :)