BTC Update
Analysis -
BTC is retesting in lower zones for its strong support. For now, wait and watch for the daily close. We should see some bounce first to 39,500 and then a daily close above this level would make things better.
We need to see some cool off in selling pressure for things to stabilise. Keep an eye on volume and market cap. If the volume increase and the market cap decreases then don’t trade or trade with good risk management.
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