BTC/USDT (Downtrend Confirmed)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-As mentioned yesterday, Bitcoin showed signs of weakness
-The price broke support in the 4H timeframe sending the price to the 31k dollar area
-It is currently testing the midline support of this descending channel
-Can we expect a bounce from this level?
-if not, it will likely go down to the lower channel where the 50ma is located
-So always prepare for the worst-case scenario
-Have a cut loss trading plan if the market becomes too risky





⚠️Please always read the description⚠️

A big Thanks for donating 💰 via Tradingview coins this week to Dinore 🙏🎉


``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````