#Bitcoin Update on Wednesday 21.08.2024

8月21日

#Bitcoin Update on Wednesday 21.08.2024
A.O.A And Good Morning to All Brothers and Sisters

#Bitcoin Make A Fake Jump Yesterday and Then Gived Back all The Gain. The Breakout of Yellow Area Was Also Not Retested. And These Are All Bearish Signals.

What's Next?
There Are New Support and Resistance on 4H TF.(blue Lines). And At The Moment Price Found Under The First Support. Till Now Its Seem Like Break And Retest on Down Side. But If Price Does Not Break Upper Side The First Support Then Bitcoin Can Drop More Down. And For Trend Reversal we Need To Break Both Support and Resistance. Till Now We Have All Bearish Scenario.

#ALTS
#ALTS are Moving Mix. Some Gain And Some Lose The Gain With Bitcoin Yesterday. For The Actuall Situation i Suggest to Not Open New Buy Trades. And Tight Stoplosses on Buy Trades.

I Wish You all Very Nice Day