Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
In a higher time frame, BTCUSD is trending under this big channel. Currently, it is trending around 38800 support levels.
First scenario: if BTCUSD break and close above the 39.5k-40.5k level then we are expecting The first Bounce up to 45k level.
Second scenario: here we have $38800 level as local support if BTCUSD break and closes downside this level then we are expecting a drop up to $36500.
What's your thought on this? Do hit the like button if you like this update and share your views in the comment section.
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