BTC is at 40 - 41K support levels. 1H - 1D Oversold. I would expect a technical bounce up to 45 -46K levels but not a reversal. It will take weeks for the price to develop any meaningful rally.
Next support levels to watch are 36K and 30K.
If the price breaks 30K , we are officially in bear market and for a long crypto winter. As long as the price stays above it , the possibility of a new bull market is possible.
If price breaks 30K , the next target is 14K - 15K.
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