BTC has been unsuccessful in testing around 20,000 many times. One of them broke through, but soon fell back below 20,000 due to selling pressure. After a small recovery, a large candlestick appeared, which fell directly below the trendline support. The current price is in the support range of 18870.65~18610.57. - If the price comes to the strong support range of 17149.43~17580.00, BTC has a chance to reverse the trend, because the weekly line (right picture) has a pin bar here, followed by a large increase. (This range is a strong support formed by strong buying pressure). But, if the price falls below this support zone, this position becomes a strong resistance. The price of BTC will continue to decline. -
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