Technical analysis by anoweir about Symbol BTC: Buy recommendation (5/1/2024)

BTC hits major weekly support. We might face a deeper correction up to the 38k levels. Watch for weekly closing wicks On the daily SMA 200 is pointing 48k levels. If you take a look ok the weekly we can see it pointing to deeper levels around 36-38 levels. We can start DCA from the 57k support. BTC can try to sweep lower buy order and bulls should breach -69k levels before any bullish continuation.