In early February, the confidence of market recovered gradually after the previous decline. The marginal effect of Hike has weakened. But this week, due to the influence of the geopolitical crisis in Russia and Ukraine, the entire crypto market dumped and most tokens were close to their previous lows. The region crisis is continuing to develop in a worse direction. We call for love and peace.
The price broke the previous support level and the short attacked directly to the long side confirmation(37000) on Feb.4 without any hesitation. Judging from the performance of long side, the level of 37000 is difficult to hold.
Conclusion: Mostly falling. We set the support level at 35000 and the resistance level at 41000. In the face of this macro-level hurricane, the bottom(35000) made on Jan.24th is very supportive for BTC. The stronger the negative effect of the emergency, the stronger the recovery after the emergency.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The price broke the previous support level and the short attacked directly to the long side confirmation(37000) on Feb.4 without any hesitation. Judging from the performance of long side, the level of 37000 is difficult to hold.
Conclusion: Mostly falling. We set the support level at 35000 and the resistance level at 41000. In the face of this macro-level hurricane, the bottom(35000) made on Jan.24th is very supportive for BTC. The stronger the negative effect of the emergency, the stronger the recovery after the emergency.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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.
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.