Bitcoin: The dip!
Hello traders,
BTC has concluded its weekly close and unfortunately failed to close above the previous week's close ($41,700). The weekly close for this week was $41,583, and the current price stands at 41k. For two consecutive weeks, we witnessed a bearish close, forming a bearish shooting star and a bearish spinning top. These candle stick patterns raise concerns, and if BTC undergoes a correction, 30k seems to be the critical support level.
In terms of support levels, we have 40k acting as temporary support, 37k-FWB:39K as support1, and 30k as support2. Given the current scenario, it is advisable to avoid any futures trades and wait for a potential bounce back. I will provide an updated BTC chart in a shorter timeframe for a clearer picture. Therefore, ensure your notifications are turned on to stay informed.
Trade safely.
Regards,
Team Dexter.
BTC has concluded its weekly close and unfortunately failed to close above the previous week's close ($41,700). The weekly close for this week was $41,583, and the current price stands at 41k. For two consecutive weeks, we witnessed a bearish close, forming a bearish shooting star and a bearish spinning top. These candle stick patterns raise concerns, and if BTC undergoes a correction, 30k seems to be the critical support level.
In terms of support levels, we have 40k acting as temporary support, 37k-FWB:39K as support1, and 30k as support2. Given the current scenario, it is advisable to avoid any futures trades and wait for a potential bounce back. I will provide an updated BTC chart in a shorter timeframe for a clearer picture. Therefore, ensure your notifications are turned on to stay informed.
Trade safely.
Regards,
Team Dexter.
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