#BTC/USD 4H-Frame S & R Chart Update After a terribl | CRYPTO COACHING α |BINANCE SPOT & BYBIT FUTURES|
#BTC/USD 4H-Frame S & R Chart Update
After a terrible week full of fear and failures for crypto and other markets, #Bitcoin has been trading inside a triangle pattern for 7 days. As we can see a 4H close below this triangle, If BTC can't go up above the 30250$ fast, There will be a possibility to see another dump in the short term. The first strong supports are located between 29000~27000$ levels. The first resistance is located at about 31000$ and if we can break it, BTC can start a correction to retest 33000$ - 35000$ - 37000$ or 40000$ resistances.
We're still waiting to see a real market direction to start our trades again.
