Watch BTC Support and Order Block
BTC has recently been rejected from the middle of its range, signaling a bearish outlook. Keep a close eye on the key support level at $29200, a break below this level could indicate further downside potential.
However, there is a significant order block around the $26900 area, which might serve as strong support. If BTC reaches this level and shows signs of buying interest, it could lead to a potential price pump or rebound.
However, there is a significant order block around the $26900 area, which might serve as strong support. If BTC reaches this level and shows signs of buying interest, it could lead to a potential price pump or rebound.
Daily trader with PA and FP
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.