The last 24 hours were tragic for BTC but before we even realize it, it pumped back to the same level from where it dumped. A 13% drop to 15% rise within the last 48 hours.
If we look into the chart then BTC dropped to the bottom trendline making new support and then bounce back-breaking above the Fib level and resistance. Currently, we can see some retests here, and if BTC fails to hold this level then it may possibly drop back again. A bounce on the other hand can lead the price up to 41k.
Talking about the profit and losses then I already warned you guys in my previous update and advised you all to step aside and observe the market. I hope you guys followed. Making profits is good, and having no trades is ok, losing money is not good, and holding a losing position is a pain. So, make sure you stay safe and analyze the market before opening any trades.
Did you guys make a profit or book losses? Let me know in the comments.
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