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$BTC Latest Update:
👉 Yesterday, I provided information that as per the 15m chart, BTC entered a temporary bearish momentum, and it would drop below 36800. It dropped to around 36200, and later I shared that BTC would rise back to 37,000. After a few minutes, it suddenly pumped to 37,000, reaching a maximum of 37531, and then dropped again.
👉 The entire market is bearish due to the U.S. Department of Justice officially charging CZ and Binance , resulting in "one of the largest criminal penalties (4.3B fine amount) in U.S. history." Additionally, Binance CEO @CZ stepped down, contributing to the market's decline. BNB dropped more than 15% due to these events.
👉 As per the 15m chart, BTC currently has a resistance level of 37700 and a support level of 35737. BTC is maintaining a bearish momentum. In the 15m chart, BTC has a long distance to the resistance, so it may create a new resistance today. The expectation is for BTC to gradually regain to the 36500-36700 range and then drop, breaking the support.
👉 As per the 1H chart, BTC has a resistance level of 37598 and a support level of 35936. BTC successfully broke the support level 4 hours ago, indicating a potential drop of more than 2-3%, around 35000-34600. I recommend closing long positions and opening short positions. If holding BTC in Spot, consider selling and waiting for a bullish update to buy later. It's possible BTC will retest 36500-36700 to create a new resistance level in the 15m chart.
👉 I always provide accurate analysis. Use this information for your trades and trade with enough funds to avoid liquidation during sudden market movements. Avoid high-risk trades.
👉 Yesterday, I thought I couldn't continue providing BTC updates due to health issues, but I've successfully recovered. Thanks for your support and prayers.
Author : @Future Trading Expert - Tamil Nadu (For All) BXT
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