BTC/USDT continues to trade near the 58,409 USDT level, which is a crucial support area. The price is hovering near the bottom of a descending triangle, indicating that this support level is being tested. The green trendline and the 52,408.76 USDT support remain critical levels to watch. A breakdown below this level could lead to further downside momentum,...
#BTC is yet to claim the weekly 50 EMA support, until that happens I am not turning bullish
41700 is currently acting as resistance, BUT
44500 will act as a strong resistance, because we have both the resistance of weekly 50EMA and a trendline resistance there
38200 is the current support for BTC
