Hello dear friends
Bitcoin is thinking of falling more ??
Well, friends, what I see in the Bitcoin short-term chart does not show this.
The price on the one-hour chart is fluctuating in a short-term uptrend. The bottom of this channel is on a valid static support in the range of 41 k. The RSI is out of the sell-off and is trying to break its downtrend line.
Market Summary Now:
As long as the range of this channel is maintained in a short time, my view in this time is upward.
But we must not forget that the trend in daily time is still declining, which means that the uptrend is very fragile and may break the channel floor without introduction, and we will see a decrease in price along the larger trend. Take action.
A larger downtrend can be considered over if the price can stabilize above 46k daily.
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Bitcoin is thinking of falling more ??
Well, friends, what I see in the Bitcoin short-term chart does not show this.
The price on the one-hour chart is fluctuating in a short-term uptrend. The bottom of this channel is on a valid static support in the range of 41 k. The RSI is out of the sell-off and is trying to break its downtrend line.
Market Summary Now:
As long as the range of this channel is maintained in a short time, my view in this time is upward.
But we must not forget that the trend in daily time is still declining, which means that the uptrend is very fragile and may break the channel floor without introduction, and we will see a decrease in price along the larger trend. Take action.
A larger downtrend can be considered over if the price can stabilize above 46k daily.
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
