2021-09-07 18:31:56
#BTC/USD
#Bitcoin reclaimed the 50 000$ level this week, with on-chain data suggesting the dominance and stickiness of institutional capital continues to grow.
But it couldn't break the 52500$ major resistance and was rejected from that level in the first hit.
So, If the 51000$ support can not hold the price, the next stops will be 50000$,48800$, and 47000$ area.
All important supports level have been updated in the chart.
Technically, the picture on the Daily frame is positive with a bullish MACD and WaveTrend. On a 4h time frame, the indicators are rather neutral or even negative.
It is important to pay more attention to your trading RISK management at these moments. BTC is safe while the price is above 48800$ dynamic support!
https://www.tradingview.com/x/W61AS87C/
45 views15:31