Hello everyone!
Now BTC is in the most important support of its history and technically trend most reverse because we are in sideways in weekly, but yet unfortunately BTC is just formed a Trading Range in lower time frame which is not good, Because when price facing to its most important support, It should just move up you know that's the basic.. But when BTC is in sideway(lower timeframe) in the 30K support zone that's just not feeling good and for me its a threat that any moment it can break the support.
I think If we break the 29k,Bull cycle is over officially.
also DJI movements is so important for BTC because they have Similar price movements and the Trading Range that formed up for 90 Days has gone for DJI..
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Now BTC is in the most important support of its history and technically trend most reverse because we are in sideways in weekly, but yet unfortunately BTC is just formed a Trading Range in lower time frame which is not good, Because when price facing to its most important support, It should just move up you know that's the basic.. But when BTC is in sideway(lower timeframe) in the 30K support zone that's just not feeling good and for me its a threat that any moment it can break the support.
I think If we break the 29k,Bull cycle is over officially.
also DJI movements is so important for BTC because they have Similar price movements and the Trading Range that formed up for 90 Days has gone for DJI..
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DJI current situation:
