BTCUSD again touch strong resistance of trendline and is falling

As we said before, there are two main resistances here after this 60% pump:

First: 200 MA resistance of daily timeframe that we had analysis about it linked below.
Second: New trendline that formed in lower timeframes like 4H and we can see it in the chart.

So we need correction here technically and we are looking for targets like:
A. 41600(50 MA support)
B. 38000


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Kommentera:

Daily chart and 200MA: