BTCUSD Bitcoin Chart Analysis 28/3/2025

in LeoFinance6 months ago

I've marked down all the major support and resistance in the Bitcoin Chart's daily timeframe with major resistance above the current price and all the support below the current price. And right now Bitcoin is crashing with a big red daily candle and has already touch a major support once, the next thing it'll do if it doesn't do a direct pullback is it'll touch once more and then cross that support, but whether it'll be able to cross the next support or close below is still a mystery. The only possible position to enter now is to buy because the daily candle may do a pullback before the candle closes due to positons closed. And the best possible position to open is the wick before each major support because price wouldn't touch the next support if it isn't gonna crash further because if it touchs, it would've accumulate and allow more buy volumes into the market which means it's gonna have to descend further if it wants to clear off all buy volumes from the market.

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