bitcoin:native Analysis 💲 Bitcoin dumped hard at the start of the month, and a lot of panic selling came in yesterday. Right now BTC is sitting at the daily timeframe support, and this is a very major support level for it. The setup from here is simple. If a bounce happens from this support, we could see some recovery. It will not be a huge move, but a recovery is on the table. If this support breaks, the picture changes fast. A second round of heavy selling can hit, and the second blood bath becomes the next play.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.