Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. BTC got rejected from the $45k resistance two times so far and currently trading above $42k
After breaking out the important resistance level of $40k, BTC pumps nicely and made a high of $45,600
Now looks like that BTC is coming to retest the falling wedge. An important support area for BTC is around $38k-$41k level. If BTC goes their (highly likely) then after this healthy correction we expect a good bounce in the market.
However, BTC has some local support around $42k and also 50D ma support. Let's see it can hold this support or not. If BTC holds this $42k support and bouncing then first we have to break $45k resistance level for further bullish movement.
Also, there is a weekend so we expect some volatility in the market. So trade carefully.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USDT update. BTC got rejected from the $45k resistance two times so far and currently trading above $42k
After breaking out the important resistance level of $40k, BTC pumps nicely and made a high of $45,600
Now looks like that BTC is coming to retest the falling wedge. An important support area for BTC is around $38k-$41k level. If BTC goes their (highly likely) then after this healthy correction we expect a good bounce in the market.
However, BTC has some local support around $42k and also 50D ma support. Let's see it can hold this support or not. If BTC holds this $42k support and bouncing then first we have to break $45k resistance level for further bullish movement.
Also, there is a weekend so we expect some volatility in the market. So trade carefully.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
