#Bitcoin  & Macro Market Analysis - March 31st

$BTC/USDT Daily chart.

The thick white bear trend line works as a resistance line.

Also, the dead cross of SMA50 (blue) and SMA200 (Orange) is getting close now.

Usually right before this dead cross, we see bear move on BTC. And, after the dead cross, BTC market makes strong recovery.

Based on this, I think BTC will form 2nd bottom this week.

The most important support line is the thick red horizontal line.

Whether BTC can make another big bull run Q3 and Q4 depends on the test of this support line.

This week will be the key.

Let’s closely pay attention to the market move.

For more detail:
https://orblabs.ventures/107821/

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