BItcoin Update - After breaking first resistance zone & finding support above $32,200. Price has been struggling to cross $33,300 minor resistance zone which you can see in the chart. If bulls want to retest $33,700 (where now we have 20 Daily MA and EMA) Price need to first go above $33,300 then retest $33,700 then confirm support at $33,300 and don't fall below it. otherwise if price stays below $33,300 and close to $32,200 then bears will try to take charge and push price downwards $31,500 » $30,400

This is our previous chart where if we consider this wedge as downward channel in formation. As per this channel top is around $33,300-34,200

And bottom $30,400-$30,950

Jump from exact trend line. which is also upper area of current support zone. $32,200 is now the resistance area for retest.

Trend did give few initial bounce but as we always say with bounce upper resistance needs to tested. if price stays close to support - it breaks eventually (tale pe hatoda). Trend line has been broken now.

Now this is the next support area which i posted earlier - incase this is a downward channel in progress. Also price is now below 50 weekly MA. Daily mein price move kar le theek hai but weekly close below is is bad.

AXS/USDT Chart

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Bitcoin bounced and retested exact resistance at $32,200 and got initial rejection. If bulls plan to break above $32,200 they should manage to hold support at $31,,700 otherwise low test will happen again upto $30,500. Also weekly close in on monday which is imp. Covered in video - so do check it out.

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Guys overall TA is still the same as before and as mentioned in the video. Most imp will be monday closing. So keep an eye on support and resistance as mentioned below.

Bitcoin retested $32,200 resistance for 2nd time with rejection. Support is still at $30,400 - $31,000 zone.

Sharing 2 scenarios from Bulls & Bears perspective 👇👇

Bulls perspective - Ascending triangle holding support $31,500 then breaking past $32,200 and testing $33,300-$33,700 before getting rejection.