BTC/USDT (3D TF 100MA Key Support?)

May 25, 2021

💎Technical Analysis Summary💎



BTC/USDT

-After the recent strong selling on Bitcoin last week
-The price may have found support at the 31k dollar range
-This area is a confluence of previous swing support last January 2021 trading
-Also, the 100MA perfectly coincides in this area which gives an extra level of defense
-Now, the big question if the Bulls can hold this area in the coming days or weeks
-Because if it does, I think we will have a higher chance to retest the previous support
-But if the Bears can steal this game, a deeper push to 25k-21k is on the table
-Guys, be careful and always have a proper stop loss
-As the market volatility is high, Reduce position size if possible




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