let's talk about BTC update on weekly timeframe:
In this weekly BTCUSDT chart, Bitcoin's price action shows a series of Higher highs (HH) and lower lows (LL), indicating a bearish trend. The price is currently around 54,448 USDT.On left hand side we have strong support of 55800 which is now price is breaking this support if we close below 55800 on weekly timeframe then we can move towards yellow marked line. I'm not bearish at the moment until we broke and close the previous swing low,My suggestion to you don't panic to sell your holdings. hold them with patience
keypoints to watch :
1.Possible Bullish scenario for Bitcoin is we have to grab the liquidity (yellow line) and close above 55800 on weekly timeframe
2.Possible Bearish scenario for Bitcoin is we have to break and close below the previous swing low. Thats my thoughts on btc what will you think what is going to happening about Bitcoin
# BTC update
