Hey friends, BTC has formed a downtrend channel after reaching a month high. Also, the price confirmed 2 touches on both trendlines of the channel.
I think BTC will drop to the 21740 level where the downtrend channel line is also at and 200 EMA is also present.
2 possible scenarios,
if the price stays in a channel or provides support at 200 EMA then we open a long targeting 22500.
if the price drops then 20341 is the next support
NOTE: I am not a financial advisor please do your own research before investing in the
BTCUSDT.P
I think BTC will drop to the 21740 level where the downtrend channel line is also at and 200 EMA is also present.
2 possible scenarios,
if the price stays in a channel or provides support at 200 EMA then we open a long targeting 22500.
if the price drops then 20341 is the next support
NOTE: I am not a financial advisor please do your own research before investing in the
BTCUSDT.P