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BTC just dropped by 6% Critical regions to look out for!

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@beehivetrader
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As we can see, BTC started dropping rapidly (currently down by 5.5%, at the time of writing)

I am analysing a couple of charts to let you know what I think may happen (again, like before, its always better to DYOR!)

Here's my previous post about BTC:

BTC/USDT 4H

Chart:

Overall Bias: Neutral Critical zones have been marked on chart!

Points to note:

  1. 4H 200 MA currently acting as support. (9320)

  2. During last small dump, it acted as support.

BTC/USDT 1D

Chart:

Overall Bias: Neutral Critical zones have been marked on chart!

Points to note:

  1. broke the 1D 20 ma.

  2. Next immediate support is around $9080.

Keep eyes on these levels!!

My take: Wait for candle closes before taking decision :)

Posted Using LeoFinance