BTC/USDT (44k Dollars Daily Support?) for BINANCE:BTCUSDT by PolarHusk

💎Technical Analysis Summary💎


-We have two potential Bullish scenarios for Bitcoin today

-First is to hold the current level and bounce up to 51k-53k dollars

-Because we can see two rejection at 44k dollars support area

-This zone is a confluence of previous resistance and 0.5 Fib level

-That is a good reason for price reaction on the 2nd retest

-The second scenario is a mid correction down to the 50D MA support

-With conjunction of the golden Fib 0.618 which can act as a strong buy signal

-But if the second analysis will play out, expect the over-all market to follow BTC

-So please be prepared for both scenarios as we are in a correction phase

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