Price is approaching the support area and needs to hold this level; otherwise, we may see a heavy sell-off. You can open long positions with a stop loss placed around the support area.
Bitcoin was unable to bounce back from the support line, leading to a stop-loss on the long position. The price has dropped to the support area and needs to hold this level; otherwise, we could see further declines. With the weekend approaching, expect some choppy movement in the market.
Price was unable to hold above the resistance area and broke the uptrend support line. This is a no-trade zone, and we are waiting for a candle close above the resistance area for new entries.
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