BTCUSDT: Bear Scenario Support Areas
As the idea published previously a few days ago, seems like BTCUSDT bear scenario is happening. If BTC is really going to pull back short-term, as noted in the previous idea, I expect the support areas to be around 47k-
48K at 0.618-0.65 Fib-extension levels, which is also the previous swing low, this should be a great support zone. However, if the price keeps dropping, the next support zone would be around 
41K - 
42K area at 1 to 1 Fib-extension level, which is also the pivot high in January before the rise to ATH, and we have 200EMA as support as well, so $41-42k are very strong support areas.
48K at 0.618-0.65 Fib-extension levels, which is also the previous swing low, this should be a great support zone. However, if the price keeps dropping, the next support zone would be around 41K - 42K area at 1 to 1 Fib-extension level, which is also the pivot high in January before the rise to ATH, and we have 200EMA as support as well, so $41-42k are very strong support areas. 
Related publications
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.