In my last update i talked about how importannt 46k5 for as a local support for btc to continue moving up Unfortunately BTC lost this support and now turned resistance
📌What Next ? Btc reached first strong support level around 42k we will monitor price action here :
–If current support hold then expect BTC to reach 46k again (as first resistance) in next few hours or days
–If this support failed then our eyes will look at next one between 38k-34k for potential bounce
📌Reminder for you ...we talked about these levels before as a possible levels for reversal in my past idea ..you can check here 👇
Dont forget likes & shares for more analysis / ideas Best of wishes
Thanks for your analysis. As I said before, we said goodbye to bull market in Apr 2021 with BTC at 64k. I claim this technically. We go down to reach at least 20k in the next 6 months. If you think you are a good holder, then do it but I think it’s wrong. You can sell it now and rebuy it in deeper prices. Don’t come to the market until around Apr 2022 when new bull run starts again. I anlysied BTC time and studied the BTC behavior within its 11 years of history. Don’t spot and don’t hold at this stage. And remember, 90% of traders lose their money in such a wild market. Don’t be one of the 10%.