BTC important S/R line

BTC / USDT

We can see on chart simple and important S/R line (red line) around 40k

Over 1 week Bitcoin price still fight to hold above 40k support by daily closes

– for Bulls we need at least to close above 45k daily

– below 40k BTC will be bearish in short term and first support will be 35k-38k

Best of wishes 🙏