Bitcoin MUST NOT Rally Below $42,900 To Avoid Being BEARISH (8/19)

Bitcoin must hold this zone of support and push back up to reclaim the 200-day MA heading into the weekly close to validate the largest technical buy signal flashing since April 2020.

Failure to hold at $43,000 could send BTC back towards the top of the trading range at $40,900 to $41,300, which could damage the market structure and increase the risk to the downside.

If that would happen, a false break out will appear which could lead to a bear market.

BTCUSDT
BUY START: 45400
STOP LOSS: 43913
TAKE PROFIT: 47693
DURATION: 24 hours

USDJPY
BUY START: 109.713
STOP LOSS: 109.586
TAKE PROFIT: 109.926
DURATION: 24 hours

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