BTCUSD update

**BTCUSD update**

The **rejection at the fib level has finally contracted the market volatility**.

At this moment, it's enclosing the bid and asking level into a **chart pattern - triangle**.

That could condition the crypto traders into a bearish market outlook.

**Check your charts for references**

A failed attempt on MA cross-over (H4 chart) can work wonders for buyers.

While trades above 54K are considered bullish, trades below 47k USD will be termed as bearish type.

Next support is found @ 37k - 40k (excluding drawdowns)

Recommendation: S. L adjusted to the entry point