CryptoPatel

Bitcoin Ready for another Big dump toward $44000...?

Short
COINBASE:BTCUSD   Bitcoin
#BTCUSDT TA update:-

$Bitcoin currently trading at $55000 level.

Short term bullish in small time frame but Big time frame #BTCUSDT bearish.

After Brokeout $59000 BTC sharp dumped till $51300

This is also very important level.
After dump some recovery in btc but I am expecting this is retest level.

Retest level:- $57000-$59242

After this we can see 2 scenarios:-

Scenario 1st:-
After retest we can see again Big dump till $44000 as per TA analysis.

Scenario 2:- If any daily candle close above $60000 then Again we bullish because this is very strong resistance level.

Again I suggest you Don’t trade blindly always trade after confirmations.

Support:- $50806/$44262/$37462
Resistance:- $60000-$61000/$65000

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