Another episode in daily technical analysis.
The trend in the larger time frame is still bearish, however, we still have another opportunity to compress the first resistance at $ 4037 (BTC Coinbase Chart)
before continuing to fall to the previous level of $ 3100. The fact that BTC has not touched the 50 MA indicates that the trend is still low.
A big bomb could possibly follow at the start of the first quarter and at the end of the first quarter capitulation
The MA of 200 W acts as a support where also the 50MA is resistance, since we can see the action of the price rejected at that level.
The key level to observe is the 200-week moving average, if the price levels are kept at 3k with the volume to support, we can call it the fund.
However, if the price falls below 200W MA and closes below that, we will head to lower price levels
in short Multiple divergences in the daily time frame shown with the yellow trend lines. $ 3800 of crucial support. If this breaks, we are going down.
