#BTC/USD 1D-Frame S & R Chart Update We had some rest | CRYPTO COACHING α |BINANCE SPOT & BYBIT FUTURES|
#BTC/USD 1D-Frame S & R Chart Update
We had some rest for a few days, So we didn't post updates like always in the recent days. As we all saw, #Bitcoin had a big crash again and market conditions were not good enough for trading.
#Bitcoin closed a daily candle below the important trend line after three months and It is trading in a dangerous “Bounce or Dead” area right now.
It needs to bounce above this trend line quickly (40000$) or we may see another crash to about 38000$ or even more especially if we lose the 39000$ support. Losing 37500$ will be so bad for Bitcoin's future and we may enter a long-term bearish market after that!
