ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales Accelerated in BTC
According to the leading data, the contraction of the U.S. economy in the first quarter of the year, which exceeded market expectations, has led to sales in bitcoin. Technically, the coin, which broke the lower band of our symmetrical triangle formation, may tend to fall to 27,650 and then 26,650 support levels as long as it trades below the $28,400 level. Otherwise, the level of $29,650 can be considered as resistance to possible reaction buying during the day.
