BTC/USDT (Strong Trendline Resistance?)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-Okay, yesterday's candle turns out ugly a few hours before the daily closes
-This is the one I'm talking about that the Bears can easily enter the market any time
-Today, the bulls are defending the 30k area of support
-This is very important in the short-term to keep the Bullish bias alive
-If the horizontal green support failed in the near future
-BTC price could fall down to the 27k-24k region where the 100MA is located
-I'm Bullish for Bitcoin but the current price action is showing signs of weakness
-If Bitcoin can't break this trendline resistance, we might be in trouble
-We still have few days before the Monthly candle closes
-Things would be really interesting in the opening of the month of February


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