Tommy_Trader

[Bitcoin] Doesn't know which way to go

BINANCE:BTCUSDT   Bitcoin / TetherUS
#Crack #Bitcoin #Binance #Daily

- Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend.

- The $41.5k-$41.9k resistance seem very strong.

- The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the $37k-$37.7k support.

- Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation.

- Response at this point in which the resistance of $41.5k-$41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at $37k-$37.7k or breaking above the $41.9k resistance, and I think it is safe to wait and see as much as possible between $41.5k and $39.5k.

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