follow me for more future signal Hi I'm a crypto trader. If you want to get more free signals about future trading so just text me in "cryptoworld284".
Over the past day, the price of the first cryptocurrency showed positive dynamics 📈. It grew a little in comparison with the previous day, but still the growth is observed.
The picture on the timeframe 1 day does not change particularly. The price is still in the same "price channel" 🕯 Now we see a bounce from its lower boundary, which continues for the second day.
This bounce may remain only a rebound before the continuation of the decline ⚠️. In order for this not to happen, the price should finally come back and consolidate above the level of ~$58,350. Now only the level at the previous low of ~$55,880 has been broken.
In the near term, we need to see what results the bulls will show. If the above mentioned by me happens, we can expect a gradual move from the lower channel boundary to the upper 🔝 #MarketDownturn $ETH $BNB
🟢BTC is now trading around 56.3k. Bitcoin is dumping after breaking down the rectangular zone. So the Possible scenarios are If the price dumps and breaks down the support zone, we may see more dumps and the price may move towards the lower support zone. Otherwise If the price bounces back from the current support zone then we can see bullish momentum in it. Another bullish sign is that RSI divergence has also formed which is a bullish sign. Stay tuned with us for further updates #MarketDownturn $BTC