BTC/USD (Will 50W MA Hold?)

💎Technical Analysis Summary💎



BTC/USD

-Bitcoin failed to hold above 40k dollars last week
-The price is back at its weekly major support area
-This is the critical part for Bitcoin this coming few days
-Our only hope if the 50W MA will act as support again for the 3rd time
-If it bounces up again, we will have another retest near 40k
-But a failure of weekly support will lead to further downside
-Not the best time to go all-in on your altcoin trade
-Because the market is shifting its tune in a short amount of time
-We always need to adapt and adjust our strategies base on what the market is telling us
-I will publish a new update once more data comes in
-Please stay safe and healthy everyone!





⚠️Please always read the description⚠️

Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉


``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````