Simple support & resistance. BTC price went below 28 Feb 2021 low. I drew the price lines almost 1 week ago now & every one of them has been crossed as Bitcoin drops down. Market sentiment is very negative. Currently looks like a dead cat bounce from the new low which will eventually consolidate and force price down. Next support around 37-39k as per my lower price lines.
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BTC hitting resistance almost exactly @ my green line - $45,619 All technical indicators say sell. Be careful next 6-12 hours could be limit of dead cat bounce Before drop down.
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Bitcoin confirmed drop to 37k then further to 32k! Congratulations to everyone who followed my idea & made money :)
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Chart still in downtrend albeit it looks to be slowly reversing. Keep ready to short if trading long term & keep open unless breakout above 36k
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