BTCUSDT got the rejection from the daily resistance
BTCUSDT got a rejection from the daily resistance after a accumulation phase below it
Now the market lost the support and we could see a new bearish leg until the daily support where the market could start to accumulate again
Support is a term used in technical analysis to describe a price level at which a security, in this case, Bitcoin, has consistently found buyers, resulting in a downward price reversal or pause in a downward trend
Accumulation refers to the process of purchasing a security over a prolonged period, usually at lower prices, in anticipation of selling it at a higher price later. In the description, a new accumulation phase is mentioned as taking place around the previous daily support at 21,000$
Now the market lost the support and we could see a new bearish leg until the daily support where the market could start to accumulate again
Support is a term used in technical analysis to describe a price level at which a security, in this case, Bitcoin, has consistently found buyers, resulting in a downward price reversal or pause in a downward trend
Accumulation refers to the process of purchasing a security over a prolonged period, usually at lower prices, in anticipation of selling it at a higher price later. In the description, a new accumulation phase is mentioned as taking place around the previous daily support at 21,000$
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