As you can see in the chart, we had a spike move from 38,000 to 48,000, which turned into a weak trend that moved inside the channel, and then we had a fake upward failure. But given the disappointing remarks made by the US Treasury Secretary in recent hours, we have seen a sharp drop in bitcoin. It seems that in the lower time frame, the end of a downward correction has reached. And is in the first support range. That there is a possibility of a weak upward movement. But two trend lines have been drawn for this chart that the first trend line can be considered valid in the short term. If it loses the first support, it will inevitably break the first line one and will reach a very strong range of 40-41 thousand. But for the next few hours, the support of the giants in this field can be a very effective support in maintaining the current price of Bitcoin. Wait for a new update for this analysis. THANKS
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