#BTCUSDT broke down.. Important Update here...

7 Nis 2022

BTCThough we closed below the 21 MA. As said in my last BTC idea, that was the level we needed to hold in daily.
Unfortunately BTC broke below that level.
Now, the possible area for bounce is around $41900. when you look at the daily chart,
This is the lowest BTC can go atm.
Though we've got this EMA on 6 hours chart.
Multiple candles closes above it so far.
Let's see how it plays out.

ACTION:- Staying aside for the right time to get into leverage trades.
IMHO It's better to wait for the weekly close to come for any solid conclusion.
We need a close above the 21W MA.

Let me know what you think.
Also, If you find it helpful do hit the like button to show your support.

Thank you


#PEACE