Short

BTC is poised for more losses shortly.

As you may already know, BTC has recently struggled to maintain its value. The price has been fluctuating wildly, and the bears seem to be in control of the market. Unfortunately, this trend will likely continue, and we may see even more losses in the coming days.

Unfortunately, BTC seems to have fallen below its 50-day SMA and is currently facing resistance at 26k. Monitoring these trends and adjusting your strategy is essential as a Bitcoin trader. Check out the current BTC price below the 50-day SMA and consider your next move.

It seems that Bitcoin has fallen below the 0 Fibonacci level. As a result, it may take a lot of work for bitcoin traders. However, I suggest keeping an eye on BTC below 0 Fibonacci level for those interested in potentially buying at a lower price.

This news is difficult to hear, especially for those who have invested heavily in BTC. However, it is essential to remember that the market is constantly changing, and there will be opportunities to make up for these losses in the future.

In the meantime, I encourage you to oversee your BTC trading. Keep a close eye on the market and be prepared to make quick decisions if necessary. Remember, it is always better to be safe than sorry when trading.

bryandowningqln

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bryandowningqln

Get your free C++ High Frequency Trading ebook at
quantlabsnet.com/registration

Or talk me live 1 on 1 at wa.me/16477809447?text=Hi I saw you on TradingView and I got questions

Also on: