Alright, looks like with all the situation with Russia - Ukraine BTC is also taking a hit.
POSSIBILITIES
1) A sustain bounce from current level (35K) which is a zone of Monthly Downtrend Trendline
2) A double bottom, given that we are entering weekend
3) A further downward movement to 31K-30K of May-July 2021 low
In term of volume, BTC do have fairly good strength to bounce at least for short period to 37K,
but given the situation between Russia-Ukraine, we might see further downside.
Anyway, do trade safely. Follow your strict Strategy, Planning & Money Management..
DISCLAIMER : I'm not a financial advisor. Everything I shared, is my opinions & what I do in real trade.
You should not make a trade solely based on my analysis
Market is a volatile place, be sure to make your own analysis and judgement..
BTCUSDT
POSSIBILITIES
1) A sustain bounce from current level (35K) which is a zone of Monthly Downtrend Trendline
2) A double bottom, given that we are entering weekend
3) A further downward movement to 31K-30K of May-July 2021 low
In term of volume, BTC do have fairly good strength to bounce at least for short period to 37K,
but given the situation between Russia-Ukraine, we might see further downside.
Anyway, do trade safely. Follow your strict Strategy, Planning & Money Management..
DISCLAIMER : I'm not a financial advisor. Everything I shared, is my opinions & what I do in real trade.
You should not make a trade solely based on my analysis
Market is a volatile place, be sure to make your own analysis and judgement..
BTCUSDT
