#BTC
For the first time in such a long time on a 1-week scale, the price has come close to the EMA200, the market has never been fixed lower, this can be a good support. At present, globally unchanged: the asset is too oversold and needs correction for this fall, waiting for a rebound. But then another wave of decline may follow.
For the first time in such a long time on a 1-week scale, the price has come close to the EMA200, the market has never been fixed lower, this can be a good support. At present, globally unchanged: the asset is too oversold and needs correction for this fall, waiting for a rebound. But then another wave of decline may follow.
Note
#BTCIn the 1-hour format, you can see that we had a strong rebound of $ 3,660, which led to an impulse back of more than $ 4,000. After a large volume of purchases and a sharp rejection of 3650, the bulls retested and stepped back. The area around 3825 acts as a support, from where we can form a rebound to the level of about 5000.
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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.