Bitcoin / TetherUS
Short

Btc has bounce from resistance level and can continue to fall

2249
Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price tested the support level several times, after which it bounces off, broke through the resistance area 28375-28535. The price continued to rise, broke through the resistance level 28095 and rose to the mark 31000, where the local uptrend was completed. Bitcoin began to decline and reached the current support level, from which it bounces off and rose to the resistance line. We see that this was a deep upward correction in the local downward trend. After retesting the resistance line, the price formed a downward impulse and made a fake breakout of the support level. Bitcoin made a small correction, continued to fall, and broke through the level 29095. Recently, the price retested the current resistance level, bounce off and traded below. I think the price can continue to fall and reach and reach the current support area. In this case, I set the targets at level 28615 and at level28375, which coincide with the bottom of the support area. Please share this idea with your friends and click Boost 🚀

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