Bitcoin Drop Update
Here, we can see after the drop, Bitcoin now trading on its demand zone which is
Demand Zone = 46,800$ to 46,630$.
Next resistance = 49100$ to 49350$.
if it breaks,
the next resistance will be 50500$ and 54000$.
Now, wait for the daily candle to close. and if it breaks below this zone then we can see more dump. otherwise, we can see the pump from the point.
if the daily candle closes below then its demand zone then next support level you can see with black lines.
Demand Zone = 46,800$ to 46,630$.
Next resistance = 49100$ to 49350$.
if it breaks,
the next resistance will be 50500$ and 54000$.
Now, wait for the daily candle to close. and if it breaks below this zone then we can see more dump. otherwise, we can see the pump from the point.
if the daily candle closes below then its demand zone then next support level you can see with black lines.
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