BTC/USDT Short term Update...More correction ahead?
Updated
As said in my last post, multiple rejections from the 44k level show weakness in bulls and bears taking over in the short term.
Flipping the 44k level could change things for BTC in the short term.
So far BTC could go down to the $41700 level where we have the 200D EMA support.
Failing to hold that level would be bad for BTC.
So far Bounce from $40900 to $41700 looks highly likely,
Since USDT Dominance is hitting the resistance right now, anything could happen.
Action:- Wait for the bounce with the volume on 200EMA to trade on futures.
SPOT:- Keep adding to your alt positions to DCA.
DYOR
If you find this chart helpful, do hit the like button and share your views in the comment section.
Thank you
#PEACE
Flipping the 44k level could change things for BTC in the short term.
So far BTC could go down to the $41700 level where we have the 200D EMA support.
Failing to hold that level would be bad for BTC.
So far Bounce from $40900 to $41700 looks highly likely,
Since USDT Dominance is hitting the resistance right now, anything could happen.
Action:- Wait for the bounce with the volume on 200EMA to trade on futures.
SPOT:- Keep adding to your alt positions to DCA.
DYOR
If you find this chart helpful, do hit the like button and share your views in the comment section.
Thank you
#PEACE
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