Hello, community members welcome to another BTC/USDT chart update.
As we can see in the above-mentioned chart that BTC was rejected from the $20400 price level after a quick bounce of 8% from the lower green support.
In the current scenario, BTC is trading above the local support line at $19888.
Bounce above this level is likely in upcoming hours towards the resistance level again.
BTC needs to break above the current resistance to rally above $22k.
BTC is still uncertain so keep your SL tight on your holding positions and use low leverage to save your valuable funds.
Candle close below will lead BTC towards the lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can see in the above-mentioned chart that BTC was rejected from the $20400 price level after a quick bounce of 8% from the lower green support.
In the current scenario, BTC is trading above the local support line at $19888.
Bounce above this level is likely in upcoming hours towards the resistance level again.
BTC needs to break above the current resistance to rally above $22k.
BTC is still uncertain so keep your SL tight on your holding positions and use low leverage to save your valuable funds.
Candle close below will lead BTC towards the lower price levels.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask relating to this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
