My opinion on BTC and major Alt Coins
1. Though the price fell more than 10% in last 3 days, $BTC is well within the channel and getting good support from the 56,500 to 56,600 levels. Once accumulated enough, we would see the price trend reversing from these levels. But, if the bears stand strong and the daily candle closes below 56,500, then the next support is at 50,500.
2. $ETH chart shows a strong break down currently, but if BTC reverses, it should pull back ETH price within the support line. The view is invalid if daily candle closes below the support.
3. $BNB behaves similar to ETH. Only BTC can reverse the break down.
PS: This is purely for educational purposes only and not a trade call. Please Do Your Own Research #dyor
