BTCUSD Analysis Feb 27, 2022
BTC/USD COINBASE:BTCUSD
On the weekly timeframe we are about to see a rejection of the previous level of support one this candle closure. I am still anticipating more downside movement here regardless because we are below the 40k resistance level .
Shorts should be taken from the $40k level and the target should then be the 32k area. When we go to the h4 timeframe we can see that we are at the 38.2% fib level.
