Welcome members to this update on BTC .

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 at 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 them or use them to understand the market.

In my previous update, I mentioned the $48k resistance level and the possibility of a retracement in the market. Well, BTC did get rejected from the $48k resistance and the current price is holding important support at $45500.
BTC must hold this support in order to rally higher and if it gets rejected then BTC can drop up to the $43k to $40k levels.

Let’s see if BTC can hold this support level or not.

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Thank you.