2023-05-14 08:44:39
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Welcome to this quick BTC update. Currently, BTC is trading around the $26.8k level. It is forming a descending channel in 1hr time frame.
If we look at the higher time frame then it breaks below the important support of $26.8k which is a bearish sign for me. Now, the next important support area is around $24k-
25K
Now, if we look at the lower time frame then there is a possibility that we see a quick bounce on Sunday to trap more retailers and dump again next week.
Observe the chart carefully to know more.
Invalidation:- If we got a weekly close above $27.2k
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@captaincryptosignal
7.2K views05:44