BTC / USDT

Hi guys ...
Although the 46,000 resistance was broken, there are still points that we need to look at the market with caution.

1. Currently the price is at the end of a parallel ascending channel.
2. Although the weekly MA 20 and MA 50 are broken, there is still no candle to confirm it in the weekly timeframe.
3. The daily MA 200 is still above the price range.
4. We are close to the end of the month and there is a possibility of many changes at the end of the monthly candle.

Finally, we have to see what will happen. A good scenario for us here in the market could be a price correction, and if that happens, we will wait for the market reaction at the support level.

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price drop to 46k ... wait for BTC reaction at the support level .👀

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now the price is on MA20 weekly. (CMP = 45500)