BTC/USDT (Last Bounce at Support?)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-Bitcoin is rejected at 38k dollars sending the price to its horizontal support area
-We can see the Bulls are defending the green support zone as the price is pushing up
-The Bulls are getting weaker due to a series of Lower Highs
-If the Bulls can't pass this trendline resistance
-And come back down to retest the support area for the 4th time
-Personally, I won't have the confidence to rebuy
-Because we know the area gets softer the more it is being tested
-The only good sign though is the Altcoins will have more time to recovery
-During Bitcoin's sideways market condition
-Please be careful because the bigger/longer the consolidation range is
-The stronger the breakout direction will be (up or down)





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