BTC/USDT: FALLING WEDGE PATTERN BREAKOUT!!

4 May 2022

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#BTC UPDATE

Eventually, #BTC broke out this falling wedge pattern, currently on the resistance of 38.9k level. We can accept a bounce from here up to the 42k level but it will be better if it retests this pattern.

LET'S SEE HOW THE 4 HOURS CANDLE CLOSES

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5 May 2022

Not

#BTC UPDATES

As per my previous BTC chart, BTC bounced from 38 900k support level and currently, it is lying on 100ma support here we have two scenarios.

First scenario: As I said it is lying on 100ma support so we can abound from here up to 42k level.

Second scenario: If any four hours candle closes below this 100ma support then we can accept a retest up to 38900 K level.

Let's see how the market reacts in a few hours.