₿ BTCUSDT 1D ₿ : 08.Sep.2021 (Update)

7 sept. 2021

Well, many friends are telling me how you see the status of Bitcoin and ...! Well, considering that it experienced the price of a severe dump and lost its dynamic support, it caused our first view to be negative for the time being, and we consider the first scenario as a corrective (Bearish) scenario, and if the opposite is proven, our scenario We will change and update the analysis with an uptrend scenario (Bullish) . Well, as we can see on the chart, the price hit 42780 static support after falling and from there it has risen to near 47K, now the 200-day moving average support is at 46090 and the monthly candle support is 46650, if the daily candle is up to 2 hours and Closing above these 2 levels reduces the selling pressure and causes a relative calm in the market (note that the relative calm does not mean moving towards $ 57,000 unless proven otherwise :))))) in case of loss The departure of these supports is the first support 42780 and the second support level 37400 ...