📊 Crypto Market Update by Muhammad Ahmed
📈 Bitcoin Analysis:
- Support Levels: $41,800 and $40,000 (Strong Buyer Presence)
- Resistance Levels: $43,500 and $45,000 (Selling Pressure)
🔍 Analysis:
BTC faces robust support at $41,800 and $40,000, while encountering resistance at $43,500 and $45,000. Prudent trading advised, aligning risk with specified support/resistance levels.
📉 Possible Scenarios:
- Break above $43,500 may lead to testing $45,000.
- Break below $40,000 may trigger a test towards $38,000.
📅 Daily Timeframe:
- Critical 50 MA Support at $38,700.
🚨 Caution:
Trade wisely, factor in the market dynamics, and formulate your strategy accordingly.
💡 Your Move:
Stay vigilant, consider the market plan, and make informed decisions with your funds.
🌐 Disclaimer: This is not financial advice. Trade at your own risk.
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