Corona virus summary:
Japan extends the country's national state of emergency to May 31
Japan's prime minister Shinzo Abe said on Monday he had decided to extend the country's national state of emergency to May 31, Reuters reports.
Abe will consider lifting the state of emergency without waiting for its 31 May expiration if experts decide that is possible based on detailed analysis of regional infection trends, he said at the start of a meeting of the government's coronavirus task force.
Technical analysis:
BTC has been trading sideways at the price of $8,740. I still see potential for the downside movement towards the level at the price of $7,800
Trading recommendation:
Watch for potential breakout of the pivot support at $8,385 to confirm further downside movement. In case of the downside breakout, watch for selling opportunities with the targets at $7,820 and $7,533.
Resistance levels are set at the price of $9,060 and $9,460
Support levelsare set at $8,385, $7,820 and $7,533
