BTC / USD
1– What happened ...
Btc after losing trend support 58500$ in my previous analysis ,price dropped hard to major support around 50k zone
The drop was very strong.. touched 51k and rebounced fast to become above 55k local Suppport again ..some bad news played out for this to happen
And more than 5 billions dollar liqudation in 1 hour
2– What next ?
Today is weekly candle closure..very important to watch closing ,,above 55k good ..but for bulls must be above 57.5k so we can hope the bullrun still in play
If btc lost the current major Support around 50k it will drop fast to next major Support around 40k
Summary :
Good as long as holding 55k
More Bullish if hold above 57k-58k
Bearish if lost 50k zone
Dont forget about risk managements
1– What happened ...
Btc after losing trend support 58500$ in my previous analysis ,price dropped hard to major support around 50k zone
The drop was very strong.. touched 51k and rebounced fast to become above 55k local Suppport again ..some bad news played out for this to happen
And more than 5 billions dollar liqudation in 1 hour
2– What next ?
Today is weekly candle closure..very important to watch closing ,,above 55k good ..but for bulls must be above 57.5k so we can hope the bullrun still in play
If btc lost the current major Support around 50k it will drop fast to next major Support around 40k
Summary :
Good as long as holding 55k
More Bullish if hold above 57k-58k
Bearish if lost 50k zone
Dont forget about risk managements
Comentarios:
Reminder : in continuous green days ..always take profits partially and set stoploss above entery point for rest after target 2 hit and dont use all wallet ..must some free USDT to buy deep in situations like this
