Bitcoin Trend Analytics September 28

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BTC didn’t manage to hold up on $19568.12 for 24 hours. Data went down at around 00:00 (UTC+8). The price dropped into the triangle below the center of the downward channel.

BTC currently oscillates around the center of the short-term downward channel, battling around the key target point, either kicking into the blue box or dropping into the red triangle. Breaking down the key support will result in a large slide.

Now it’s wrestling around the center at $19603.71 with high volatility. Set protections to your position.

The support of a second slide diverts down to $18001.37-$17833.27, overlapping the key support at $17568.60 area.

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