#BTC/USD Update
#BTC/USD Quick Update
📊 Daily-Frame 📉 S & R 📈 Update
After breaking the main descending channel (The orange channel), We're still moving in a mid-term ascending channel (The yellow channel).
Buyers are fighting to keep the price above the 48400$ support for #Bitcoin. And, On the other hand, the trading volume is decreasing for days and we must get ready for a big incoming move. (Up or Down)
We still have many strong supports locating at 46000$~47500$ area which can defend the price against any dump.
Consolidating above these supports (especially the 48400$ level) will be a positive sign for us.
However, breaking all of these levels will be dangerous and a sign of a current uptrend reversal.
Long-Term vision:
We will stay in a long-term bull run until we are above our crucial bull support area (Current price: 42500$ ⚠️)
📈 Resistances : 48400⚔️- 50000
📉 Supports : 47500🛡- 46850⚠️ - 46000
📊 Daily-Frame 📉 S & R 📈 Update
After breaking the main descending channel (The orange channel), We're still moving in a mid-term ascending channel (The yellow channel).
Buyers are fighting to keep the price above the 48400$ support for #Bitcoin. And, On the other hand, the trading volume is decreasing for days and we must get ready for a big incoming move. (Up or Down)
We still have many strong supports locating at 46000$~47500$ area which can defend the price against any dump.
Consolidating above these supports (especially the 48400$ level) will be a positive sign for us.
However, breaking all of these levels will be dangerous and a sign of a current uptrend reversal.
Long-Term vision:
We will stay in a long-term bull run until we are above our crucial bull support area (Current price: 42500$ ⚠️)
📈 Resistances : 48400⚔️- 50000
📉 Supports : 47500🛡- 46850⚠️ - 46000
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