#BTC/USD Update
#BTC/USD Update +
📊 4H-Frame 📉 S & R 📈 Chart Update
In the past 24 hours, #Bitcoin has dropped almost 5%, falling from $46,000 to less than $43,000. The reason is increasing the FEAR because Russia intends to invade Ukraine.
Increasing the price of #GOLD and #Crude_Oil confirms this idea as well.
#Bitcoin needs to start a fast recovery and close the weekly candle with accompany of higher volume, above the 43000$ level till the Sunday midnight (UTC) or we will see another correction downward to 41300$~39400$ area as a first stop in the next few days.
⚠️ Do not forget to manage your RISK tightly like always!
We will monitor the price action to can post a much more accurate analysis later. Stay tuned!
📊 4H-Frame 📉 S & R 📈 Chart Update
In the past 24 hours, #Bitcoin has dropped almost 5%, falling from $46,000 to less than $43,000. The reason is increasing the FEAR because Russia intends to invade Ukraine.
Increasing the price of #GOLD and #Crude_Oil confirms this idea as well.
#Bitcoin needs to start a fast recovery and close the weekly candle with accompany of higher volume, above the 43000$ level till the Sunday midnight (UTC) or we will see another correction downward to 41300$~39400$ area as a first stop in the next few days.
⚠️ Do not forget to manage your RISK tightly like always!
We will monitor the price action to can post a much more accurate analysis later. Stay tuned!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.