On a 4-hour timeframe, the key support is still the red box marked in the chart. If this support box is broken, it will be in wave No.5 (descending wave), and the BTC will continue to fall to around $ 24,000, so do not have a new entry until the blue box is broken to prepare for entry.
Note
Bitcoin closed the month of May down 17.2%, declining from $38,480 to $31,835.Note
Today is the weekly closing, so keep an eye on it as, after a long time, there will be a bullish closing weekly but a rejection of major resistance.Note
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