Bitcoin | chart update

Hello Everyone,

in the last 24 hours, BTC showed a slight rebound that gave Alts and the whole market a bullish price action (only in the short term).

In micro time frame

the level of 25,800 as critical resistance (the red area), and 24,800 acting as short-term support. It is important to monitor the price action around this area closely.

if Bitcoin closed daily or with 4h candle under 24720, this will be a confirmation for the current decline to continue.

the next support in case of this bearish move is 23670 and 22900

In weekly chart

BTC lost a major trendline, also the weekly candle closed under 200MA, and currently, the price is trading under it, that's not a good sign!

in the weekly time frame, if the decline continues, the next rebounding areas will be:
23140 and 21k

- as long as we are under 29k the bears will take control to decline the price more.

stay safe, thank you