BTC 8H chart Latest Update:
👉 Two days ago, I provided an analysis of the 8H chart. Now, I am assessing the current market sentiment on the 8H chart in comparison with the 1D chart.
👉 As per the 8H chart, BTC currently faces resistance at 47700 and a support level at 41920. A significant update from the last two hours indicates that BTC has broken the support level, entering a very strong bearish momentum. Consequently, I expect BTC to drop more, likely exceeding 5-8%, and reaching below 39650-38400.
👉 Everyone should trade with sufficient funds if seeking substantial profits. Today, there is a high possibility of significant selling volume, suggesting that this week, we can anticipate trading below 38k.
👉 Please bear in mind that this is a higher timeframes analysis, so avoid confusion with lower timeframes analysis.
BTC is currently trading at 42350.
" Some one1 : Sir, He bought BTC and he thinks bought in cheapest price .
Institution's and Brokers : Dump it 😂 . "
Thanks for your support and love ❤️.
Author :
@King of BTC - Universe (For All) BXT
#BTC #ibit #bearishmomentum