BTCUSDT 38800 UPDATE on the W & M
BTCUSDT broke below the 40k support with the 12h macd crossing negative in addition to the 6h bearish macd.
Price is back to 40-37k previous consolidation. Therefore, the 43-45 appears to be the hard resistance.
The next sprt is 30k avg or the July's lows. If volatility is slow, the down trend could be choppy. But the 6h 21ema could be used as resistance along the way.
Will discuss about the Monthly 50ema second support when/if it hits 30k buy support
BTCUSDT broke below the 40k support with the 12h macd crossing negative in addition to the 6h bearish macd.
Price is back to 40-37k previous consolidation. Therefore, the 43-45 appears to be the hard resistance.
The next sprt is 30k avg or the July's lows. If volatility is slow, the down trend could be choppy. But the 6h 21ema could be used as resistance along the way.
Will discuss about the Monthly 50ema second support when/if it hits 30k buy support
