Technical analysis by MaTradea about Symbol BTC on 8/1/2024

Bitcoin are important levels that I determined after the recent price movements. Even if it drops to the 40K level, we cannot say that we have entered the bear season. I didn't mark it in the sense that it would test every area I marked. It is marked so that I have a plan for all possible scenarios. There is no point in getting pumped up in every uptrend candle and saying we are dead and finished in every bearish candle. When analyzing, it is necessary to analyze in every time period. And the plan needs to be determined accordingly. Alt If you think that coins are dead and will not drop to these levels. The reason why Alt coins are dying is not bitcoin. Increasing coin supply. Nonsense coins are released into the market every day.