41-42K area for short-term bounce

٧ أبريل ٢٠٢٢Morning folks,

So, our downside AB-CD is done. Although we suggest it is not time yet to discuss bullish reversal and long-term investing in the BTC, but this is subject for fundamental report :)

Meantime, for short-term trading, we see strong support area of 41-42K which agrees with 1H XOP target. IT makes it tactically attractive for short-term bullish position as, at least minor bounce has good chances to happen here.