BTC/USDT (New Daily Resistance Line?)

💎Technical Analysis Summary💎



BTC/USDT

-Bitcoin is rejected around 52k dollars area only hitting my 1st target
-The price now pulling back to its previous support range
-This is not good in terms of bullish price action
-Because this test the Bulls if they can still maintain in good shape
-A candle body break below 43k will confirm a daily Lower High at 52k dollars
-And likely to test the 40k psychological support level
-If I want to see strength, BTC must hold its current price level
-For the next 3-4 days with green candles
-And retest the trendline resistance again for a potential upside breakout
-I can't confirm this will play out but we will have a new analysis every day
-We always trade what we see not what we feel
-So please be prepared for both scenarios




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