At about $39,649.10 on Sunday, Apr. 17th, Bitcoin has reached a vital support level that must hold to avoid significant losses.
From a technical perspective, BTC is testing one of its most significant support clusters, represented by the 200-day moving average at around $39,583.00 on the 3-day chart and the 78.6% Fibonacci retracement level at $38,531.60. Bitcoin must do everything in its power to hold above this support zone because slicing through it can result in a steeper correction to $32,853.80 or even $26,828.20. Keeping $38,531.60 as support can help the pioneer cryptocurrency rise to retest the 50-day moving average at $43,668.40.
On Binance Futures, the BTCUSDT Long/Short Ratio hovers at a 2.56 ratio as of Apr. 17th. Traders remain overly optimistic about the future price action as 71.91% of all accounts are net-long on Bitcoin.

If anyone was planning on loading up for a long on btc, the time is now with clear invalidation. however risk remains high.

Lets see

Daily close is very important

Building the fifth red week in a row (not seen in the BTC chart since 2014)

Either it will be one hell of a spring or prepare for more downside my bros.

Lines could not be drawn any better. Previous support now testing as resistance.

Orange line remains key

Pa is relatively averaging around it

How u guys holding up

Btc is handling the pressure well, hope you are too

1 lead indicator, when there is member activity in this group -> take profits

monthly fractal

idk

...

hope u shorted

no change in original chart, levels playing out since begining of year