#BTCUSDT 4H Chart update Price broke structure as headed down | Universal Crypto Signals Pro

#BTCUSDT 4H Chart update

Price broke structure as headed down to the 42.6k level bouncing up from the support and breaking two previous lows. MACD is still bearish but it is showing weakness right now, RSI is oversold and price is trading below EMA ribbon again. It got rejected from the resistance at 44.1k and currently ranging between 43.5k and 44.1k. A break from the support level will result in BTC heading down probably reaching the 40.5k level. Price should break the resistance level and a consolidation phase might be on the table.

https://www.tradingview.com/x/WSwTLVa4/