The price is inside a descending channel on 4h and the market is testing the weekly resistance on 2880$. The price had a sharp movement from 3k area
the price is having a pullback after that movement.
How to approach?
If the price is going to have a rejection from the 2950 area, we could see another bearish impulse. the next valid support is on 2770$.
BTC USD down trend BTC/USD COINBASE:BTCUSD bcalc231 BTC USD is on a down trend it is looking like it’s heading down towards 41k area but could tank below the 37k area
The price is inside a descending channel on 4h and the market is testing the weekly resistance on 2880$. The price had a sharp movement from 3k area
the price is having a pullback after that movement.
How to approach?
If the price is going to have a rejection from the 2950 area, we could see another bearish impulse. the next valid support is on 2770$.
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