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Welcome to this BTC/USDT update. BTC is breaking below its important support of 38k and dumps hard. In my previous BTC analysis, I clearly told you that if 38k does not hold then the next support is at 36k. Hope you guys listened and save your money during this dump.
What now?
Now BTC has important support at $35,800 and I'm expecting a good bounce from here. If it bounces from here then the first hurdle is 39K-40k level. If BTC breaks and closes above 40k then the next resistance is at 45k
If in any case, BTC is not able to hold $35,800 support then our next supports are 34k and 29K
As of now, I'm neither bullish nor bearish. If BTC breaks above 45k and then 53k then we can see a new ATH and if BTC breaks below 28k then ready for 20k or 15k who knows.
So this is the time to save your hard-earned money and preserve your capital for a real bullish market. Meanwhile, we can do some good scalping doesn't matter long or short but we earn good money.
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