Hello everyone, if you like the idea, do not forget to support with a like and follow.

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.

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Thank You!