BTC/USDT (49k Short-term Resistance)

💎Technical Analysis Summary💎


BTC/USDT


-Bitcoin on the short term view is showing a bearish price action
-The price is respecting the downward trendline resistance and EMA 23
-We can also see a horizontal key area of support around 46k dollars
-If the new 49k resistance level is unable to invalidate in the coming days
-BTC might retest the flat support zone for the 4th time
-That would lead to much weaker support and potential break lower
-Be careful, the market is trading in inside a range
-And another big move is getting ready in a couple of days
-Please limit your position sizes and manage your risk as always
-Good luck and stay safe everyone!




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