Bitcoin MARKET UPDATE
Bitcoin support levels $16,200 and $14,200 strong Support (buyers available at this position).
Bitcoin resistance - $17,500 and $18,600 strong resistance (sellers available at this position).
Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with Risk management accordingly to this bitcoin update.
———————————————————————
Analysis -
Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.
Bitcoin support levels $16,200 and $14,200 strong Support (buyers available at this position).
Bitcoin resistance - $17,500 and $18,600 strong resistance (sellers available at this position).
Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with Risk management accordingly to this bitcoin update.
———————————————————————
Analysis -
Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.