BTC/USD (Daily Fib .382 Acting Support)

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin today's price action is still respecting the Fib .382 support area
-The 50D Moving Average again acting as a dynamic support range
-The bulls need to act fast and regain above 46k level to bring back momentum
-If we want to see any signs of strength, the faster the 46k is regained the better
-At least 2-3 daily candles above 46k level is a good sign for the short term
-Regarding the Altcoin space, some are recovering fast but most are stagnant
-There is no clear path for Bitcoin as of the moment
-Please be cautious and use a proper stop loss if you are in a trade
-Because if things go against you, you will only encounter a small loss
-Good luck traders and stay safe!



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