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$BTC $usdt
Bitcoin/USDTđ„łđ„łđ„łđ„łđ„łđ„ł
There can be major two scenarios that can play out omg
1ïžâŁ đđBullish Move
We have support area at 40400$ â
Price is expected to bounce from this level.
How to tradeđ
Once price get above 41686$ you can take long target can be 43600$â
2ïžâŁ Bearish moveđ»đ»đ§ž
If bitcoin breaks 40400$ support area then we can see a sharp fall in price.
Price can fill CME gap at 39200$ and call fall upto 37600$ as well.
đđKeep an eye on both
Bitcoin has been on a rollercoaster ride lately, with its price fluctuating between bullish and bearish moves. As a trader, it's important to be prepared for both scenarios. In the event of a bullish move, we can expect support at the $40,400 mark and a potential bounce from this level. To take advantage of this, traders can look to enter a long position once the price crosses above $41,686, with a target set at $43,600. On the other hand, if the support level is broken and we see a bearish move, we may see a sharp decline in price. In this case, the CME gap at $39,200 may get filled and the price could drop even further to $37,600. It's essential to keep an eye on both scenarios and have a trading plan in place to react accordingly.
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