BTC/USDT Break above 40k! what's next?

1 Mar 2022

Welcome to this quick update, everyone.
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I have tried my best to bring the best possible outcome in this chart.

As per my second scenario, BTC went up. Now it is around $43200 it is having $40 - $40.5 level as resistance.

First scenario: we may re-test 42k and then we are expecting a Bounce up to 48K but we have some local resistance as 46k.


Second scenario: If we do not go for a retest at the 42k level and break the 44k direct then it can Bounce up to local resistance.

Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.




What's your thought on this?
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Thank you


#PEACE

1 Mar 2022

Not

BTC just break out his 44k resistance but it doesn't close yet if it closes upside this resistance then it can go as per my first scenario. As we can see BTC break this resistance 2 times but it became faked out so it will be good to wait for one more candle or confirmation.

let's see how the 4 hours candle closes.

Stay tuned