BTC/USDT (3D-200MA Support Failed)

💎Technical Analysis Summary💎


BTC/USDT

-Another struggling 1st week of the month for the crypto space
-Bitcoin failed to hold the 3D 200-Moving Average last week
-And failed to regain above 40k level and turns out new resistance
-Majority of the altcoin space is in bad shape or has broken key support levels
-It has been a hard downward move for BTC since March 29 at 48k dollar top
-And this is the time when your tolerance is being tested to the maximum
-My technical bias is bearish to sideways price action
-If you are having multiple bad trades please stop and reassess
-You don't have to be correct all the time
-but what is important is to master your risk management discipline
-Alright, not much update on the lower time frame periods
-But if I see new developments, I'll be happy to share them with everyone
-Good luck and stay safe all!


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