Bitcoin / TetherUS
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BTC short term update

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BTC / USDT

In my last idea about BTC i discussed a possible retracment to 52k level but that didnt happen yet and price move above our ascending channel which considered as fakeout for now

52.5k still our key level of support
price closed below 20ema for first time since 8 march Which suggest another drop to 52k
Here is equal to 0.618 fib level and 50 ema and strong horizontal support
Price may not hit it exactly may be little above (53k) or a little below (51k)

after that Next psychological support is around 50k and hoping we not lost it

For BTC to gain strong bullish momentum again need to close daily above 58k

This is my personal idea and reading chart hope it help you
Good luck best wishes
Note
#BTCUSDT update

look at where the price try to bounce

From my green zone in chart😉

snapshot

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