Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Bitcoin played out the bearish divergence and got rejected from 50.5k level.
I WARNED IN MY LAST UPDATE TO AVOID MARGIN AND FUTURES TRADING.
I hope you all listened.
The price also made a low of 47.7k which is an important level.
The only support we have in the short term is the 200D MA.
Holding this level could take us back above 49k within the next 48 hours.
Break below this level BTC will be bearish and we can expect as low as 44k to be tested.
The overall trend is bullish, I just shared the LTF scenarios with you.
In a nutshell, I will avoid margin longs unless I see some concrete confirmations in the daily chart. All we need is to maintain the 46.5k level in daily closes. If we do both alts and btc will start rallying together.
Don't worry I will keep posting these ideas for you all no matter if the market is dumping or pumping.
So stay tuned and chill.
Keep accumulating the ALTS in BTC pairs on spot.
They will be profitable.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE