Don't take my words seriously it's my personal opinion. Multiple factors working together right now. Negatives- 1) Trend line matching the exact point where previous reversal happened. 2)200 daily moving average resistance (not shown cause chart would be too cluttered). 3)CME gap which took place during market crash. 4) previous resistance levels in large...
BINANCE:BTCUSDT Btc as expected dumped exactly shown in previous chart The selling pressure is still there So again in 4Hr. we have to wait for the closing above or below the trennd like ( more safely green area) after that if it retest and forms a green candle ( ideally a hammer / inverted hammer ) we can easily see btc around the arrowed areas I.e upward...
So far BTC is holding this trend line in 15 min and moderate buying pressure is still there So if this major resistance gets broken we can long till 39500 as the major selling pressure is at 40k And if it doesn't maintain this trend line and confirm breakout downward we can see BTC around 35500-36000 again. Watch out the volume if suddenly large volume comes...
If closed above red zone , close eyes ang long ,if dosent and the retest fails short till the green zone
Btc may be again show a down trend despite All the news