As you can see on this Channel BTC is walking for 72 days. So the resistance and support of this channel is very Important and they are major support and resistance. Now BTC is staying on the support of the Channel. And if we zoom out we can see here bullish divergence on both MACD and RSI. So it is very possible to take a bounce from here. If these bullish divergence proved to be faild now,BTC can go farther down. But we saw this structure to work many times properly. So we can hope for a pullback from this level. Otherwise next support is 51K and 45K. BTC can be bullish or bearish in short term. But ultimately BTC is still strong enough in long term.
Bullish divergence 👇👇👇
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Bullish divergence 👇👇👇
A like and follow is always appreciated.
Thank you❤️
