Bitcoin has followed the expected pattern and decreased in value to reach the first support area, where liquidity has been obtained. We predict that the market will experience some sideways movement over the next 2-3 days. In case the first support is breached, we anticipate a shift towards the second support area. It is highly unlikely that the SEC will approve spot ETF this month, which could lead to a market crash.
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Resistance Area: $36,000-$37,000
