Bitcoin really needs to hold the line here and not drop anymore. On the smaller time frames we need a move above 53k that holds and then build upon it.
Looking at the volume and price action we could break this support and retest the lower support one more time.
The good news here is the ADX and DI it still shows an uptrend.
Looking at the volume and price action we could break this support and retest the lower support one more time.
The good news here is the ADX and DI it still shows an uptrend.
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Please follow me on more socials for further analysis
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Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.