BTC DUMPING? HERE'S WHAT TO DO..🫣😬

Btc is now back to the 47k zone, should we panic sell? Let's see.

This week's weekly candle closed at the 48k zone. For the first time in two years it has toppled down the 46k resistance. Since this is a strong resistance, a healthy retracement is expected.

The 6h chart, tells us that we have a strong support arround the 47k price point. If this uptrend will continue, price action will most likely visit the support zone as it moves sideways, forming either a bull flag or a bullish penant. On the otherhand if this support fails, we have a very strong support at 41k.

Simply put, looking at the chart, BTC still has a good chance. The dump is not that bad. It's just a little dip. No reason to panic sell and most of all go short. (Please don't short a bullish market). But hey, if you're in profit already, might as well, close that trade, and secure that profit. 😄

Reality is, no one will be able to perfectly predict where the market is heading. I'm just another clown trying my luck here in the crypto world.

For your reference, I attached today's weekly BTC chart.

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