#FTT tests the support area and the price bounced from there. If you have opened any long positions then increase your stop loss and hold the position. We may see a move towards the resistance area now. #Write2Earns
๐ฐ #Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event , with one indicator signaling it may be nearing its local bottom and another indicating it reaching $350,000 during "the peak" of this cycle. ๐ฅ
However, the price drawdown from the all-time high (ATH) chart โ which measures the decline from $BTC 's peak to its lowest point over a specific time frame โ suggests a much more ambitious price. #Write2Earn
#Bitcoin ๐ฑ is still moving in a bearish channel on the 4-hour time frame. After reaching the top of the channel, it could not pass through it and started to decrease again. The support level of $57,500-$56,200 is important and there is a high probability that the price will fall back to this level and reach the bottom of the channel.#Write2Earns
The downward trend in the price of #Ethereum ๐ฑ is not over yet. The price is now moving at the support level of $2870-3030. It seems that this time the support level will be broken and the price will drop to the bottom of the channel. If the support is broken, the next support will be in the area of $1900-$2120 .$ETH