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If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures , spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don’t force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.

In our previous update, I mentioned the possible chances of rejection from the $42.4k resistance level and we saw the rejection up to $40.5k resistance, and then currently we can see a big jump trying to break the $42.4k ceiling. If this time BTC manages to break through it then breaking above $43.5k won’t be far away. As BTC is trying to break above the resistance level , we also need to be careful regarding its chances of getting rejected. If at all BTC fails to break above the $42.4k resistance then we can expect BTC to drop towards $41.2k to $40.2k.

So guys, let’s be extra cautious here.

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I’ll see you on my next update.

Thank you.