BTC/USD (Daily Mid Support Hit)

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin hit the mid support around 40k dollar zone
-This area is a confluence of the 100D MA and Fib 0.5
-We can see the price reacted bullishly on this level
-The bulls immediately bought the dip within few minutes
-This is a good short term strength but still not enough
-We need to see BTC holding above Fib 0.5 for at least 3-5 days
-To confirm our bias that this area is establishing a supported territory
-For now, I'm patiently waiting for BTC to show more strength
-Before potentially entering new swing trade ideas
-Always take note that trading is not a race but a marathon
-Good luck everyone and keep safe



⚠️Please always read the description⚠️

Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉


``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````