#BTC/USD Update
#BTC/USD Update +
📊 4h-Frame 📉 S & R 📈 Chart Update
Unfortunately, Finally, #Btitcoin broke down the 46000$ support in the 10'th hit. We alerted this many times in the previous analyses that we are in danger if Bitcoin consolidates below the 48000$ resistance and we hope you respected risk management in your trade.
Currently, Bitcoin is trading in a new descending channel. We must go up fast by closing daily and weekly candles above the 43000$ to can pull back and test the 46000$ resistance.
Staying below 43000$ will throw us to 40000$ in the next few days.
There are many massive buy orders located at the ~$40,000 zone.
We are waiting for better market conditions to open some short-term positions.
📊 4h-Frame 📉 S & R 📈 Chart Update
Unfortunately, Finally, #Btitcoin broke down the 46000$ support in the 10'th hit. We alerted this many times in the previous analyses that we are in danger if Bitcoin consolidates below the 48000$ resistance and we hope you respected risk management in your trade.
Currently, Bitcoin is trading in a new descending channel. We must go up fast by closing daily and weekly candles above the 43000$ to can pull back and test the 46000$ resistance.
Staying below 43000$ will throw us to 40000$ in the next few days.
There are many massive buy orders located at the ~$40,000 zone.
We are waiting for better market conditions to open some short-term positions.
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