BTC/USDT (Bounce @ 3D 200-MA)

💎Technical Analysis Summary💎


BTC/USDT

-Not much update for Bitcoin today, as we can see the same price action
-Bulls keeps defending the 3D 200-Moving Average as dynamic support
-With respect to horizontal support around 36k-38k dollar
-Many altcoins are following the sideways price action of Bitcoin
-Which gives us a choppy signal on the short term movement
-It is really hard to trade when the market is in ranging condition
-Once we see BTC gets out of this trading range between 36k-46k dollars
-I'm expecting big volatility whether to the upside or downside
-So please always manage your risk and limit your position size
-Good luck and stay safe everyone!



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