BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT


BTC Failed to hold 44k as support so price fallen towards 42.7K and Now approaching towards congestion of supports i.e Higher Lows Trend Line and 4H MA around 42k, RSI getting reset and kind of in oversold territory.

However if we compare BTC current Price Action with Feb 6 to Feb 13 once the price breaks down from bull flag and 4H MA then the Price went towards 36.3K support before starting an uptrend but now we also have Higher Lows trend line i.e uptrend line which is indicating that this is the dip to load.

If BTC loses 4H MA and Higher Lows Trendline as Support then it may test 38.9k or Price might accelerate Towards 37.3k - 36.3K


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