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Let’s get to the chart!

I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.

Welcome to this BTC /USDT update. In my previous BTC update, I told you that if BTC does not hold 100D MA ($42k) then be ready for $38k-$39k so everything goes as planned so far.

So what I’m expecting now?

As you see in the chart, BTC is trading inside a rising channel and currently sitting at the lower level of the channel. In the past scenarios, we have seen BTC bounce many times after hitting the lower level of this channel. So I’m expecting a bounce in the market from this level and making another Higher low.

If any daily candle closes below this channel then this scenario becomes invalidated.

Let’s see if BTC holds the $39k level or not.

This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.

Thank you