BTC: STILL HOLDING THE SUPPORT.

٩ فبراير ٢٠٢٣

Hello traders, BTC took a downturn, pulling the price to 22.3k. This drop made the altcoins bleed and to be honest, many traders' SLs got hit including mine and many traders booked huge losses. If you remember then in my previous BTC update 'BITCOIN: $22500 EXPECTED IN LOWER TIMEFRAME', I mentioned that BTC is likely to drop close to 22.5k and then if it manages to hold this level then bounce back can be expected.

Sticking to my words, I have entered a long scalp trade on BTC at $22557 with SL at $22100. Also, if BTC fails to hold this support level, we can expect 21.4k as well. DYOR before investing.

More updates coming in shortly.

Trade safely.