BTCUSDT likely to head towards daily support around 26266-26500

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BTC / Tether PERPETUAL FUTURES (MEXC:BTCUSDT.P)

MEXC:BTCUSDT.P BTC / Tether PERPETUAL FUTURES

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The price did not hold the previous daily support and broke down from there. It did not claim that support quickly and went further in the downward direction. This suggests that the price wants to visit at the next daily support which is marked as DS1 on the chart. This support is sitting around 26266-26500. I believe the price has a better chance to bounce from there now. In case for a long, I think we should have patience for the price to reach there. Meanwhile short trades can be taken on bounces on lower time frame.