Bitcoin dropped below 38k yesterday, and despite repeated rebound efforts it made no real progress before the US market closed. Indeed, it has been under pressure, falling to new session lows at 37,660 as the close approached. It tried to bounce above 38,500 earlier yesterday, but with little success. The price then fell below 38k again and came under pressure again. Yesterday it finally took a leap forward with a high of 39970.
The next resistance is 40900, an important support level is 36600. However personally I think that we are in a phase of accumulation and you have to buy all the downside.
As usual, I report the levels for trading for BTC and BNB, the latter seems to me in a somewhat favorable situation.
Chart from tradingview.com
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
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