Hi everyone.
As you can see in the chart, we have a downtrend line in the 4-hour timeframe that has been hit 4 times and the price has been rejected. The bitcoin support floor is in the 4-hour time frame of 32500 to 32000, which has five collisions and shows that this level has weakened. If the price goes up and is rejected again, the expectation of breaking the support level of 32000 is very high.
The important point is that the volume of bitcoin transactions is very low, which makes it easier for market bears to push prices below 28,000.
Finally, this downtrend line is very important and we have to wait for the bitcoin reaction to this line.
I hope my analysis was useful. If you agree with me, please like and support me.
Thank you.
As you can see in the chart, we have a downtrend line in the 4-hour timeframe that has been hit 4 times and the price has been rejected. The bitcoin support floor is in the 4-hour time frame of 32500 to 32000, which has five collisions and shows that this level has weakened. If the price goes up and is rejected again, the expectation of breaking the support level of 32000 is very high.
The important point is that the volume of bitcoin transactions is very low, which makes it easier for market bears to push prices below 28,000.
Finally, this downtrend line is very important and we have to wait for the bitcoin reaction to this line.
I hope my analysis was useful. If you agree with me, please like and support me.
Thank you.
We go for 30 and 28