Bitcoin faced heavy selling near the major resistance area of $48,000 and was rejected from there. The price dropped around $3,500 in just 15 minutes after a fake tweet from the SEC about the approval of ETF. The good news is that the price is once again trading above the $45,000 level. However, if the SEC postpones the BTC ETF, then we may see more selling in the market. It's better to use tight stop-loss in all open positions to minimize losses.
Support Area: $43,000-$44,000
Resistance Area: $48,000-$49,000
