Currently BTC is in a bearish trend, which have fall from 69k ( 10/November/2021) to now 35k(24/01/2022) in just two months a 48% drop
This at 1D timeframe basis, we could predict a more downside to it's major support level of 30k which is the most demand zone and will start recover bythen. Hold down your usdt as more dip is coming.
1- declining RSI .
2- declining MACD .
3- Heavy resistance at 50-51,5 k USDT.
4- q3 closing in 3 weeks.
5- out of 6, the previous weekly candle closed in red causing resistance and a decrease in the Volume over 6 weeks duration.
your point of view or suggestions are most welcome