Morning here is my view and opinion on the 4 hour BITCOIN/USDT chart.. I have wrote a lot of information in the chart it self..
But to summarize here.. We are still bullish the decline is because of profit taking from the gains of yesterday. We must manage to hold this support and try to climb above 50 day MA.. Positive is, while writing this, I see a DOJI being formed at a support level (low price area) If it closes like this, this CAN be the first sign of reversal. The next candles should close somewhere between 39.5K/40K.-
Take a good reading of the red section.. !!!!!
For now we are still positive and trying to gain momentum back to try break out this trading range, see daily chart, and move higher!
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